Asian Stocks Rally
Asian stocks rallied and European shares mounted a cautious comeback Tuesday as markets reversed a weeklong sell-off, fanning hopes that recent global trading turmoil may finally subside.
U.S. Treasury Secretary Henry Paulson, in Tokyo for a three-nation Asian tour, tried to quell concerns about markets saying the global economy is as strong as he's ever seen and that reforms in China would help lessen market volatility.
Investors across Asia flocked back to the market, scooping up shares after days of losses and renewed confidence that underlying economic fundamentals are basically stable.
U.S. Treasury Secretary Henry Paulson, in Tokyo for a three-nation Asian tour, tried to quell concerns about markets saying the global economy is as strong as he's ever seen and that reforms in China would help lessen market volatility.
Investors across Asia flocked back to the market, scooping up shares after days of losses and renewed confidence that underlying economic fundamentals are basically stable.
Labels: Asian Markets, Asian stocks
posted by Stock Administrator @ 7:30 AM
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