A sharp rise in Asian financial markets is observed after fresh moves to deal with global financial crisis. In morning trading, Nikkei gained 13% while Sydney up by 5%.
On Monday, Wall Street shared rocketed 11% and the mentioned gains in Asian financial markets came after that.
In Wall Street, the investors welcomed the fresh moves to deal with financial crisis, as there was news that the US government wanted to implement its $700bn bank bailout plan quickly.
A similar package of A$10.4bn for economic stimulation has been announced by the Australian Prime Minister Kevin Rudd. …read the rest of this entry»
