http://news.bbc.co.uk/1/hi/business/7325786.stm
Asian stocks soared in Wednesday trading as investors hoped that the worst of the credit crisis may be over.
Strong demand for a Lehman Brothers share offering, despite fears it could face similar problems to troubled rival Bear Stearns, boosted confidence.
Hong Kong's Hang Seng index jumped 4.4%, while Japan's benchmark Nikkei 225 index was up 3.7%.
Asian bourses were tracking Wall Street's gains after the benchmark Dow Jones index hit a one-month high.
"Investors believe the credit crisis in the U.S. is over," said Francis Lun, a general manager at Fulbright Securities in Hong Kong.
"They think the worst has gone."
Hooray!
What was all the fuss about? Time to borrow, borrow, borrow and Buy To Let it all away.
Asian stocks soared in Wednesday trading as investors hoped that the worst of the credit crisis may be over.
Strong demand for a Lehman Brothers share offering, despite fears it could face similar problems to troubled rival Bear Stearns, boosted confidence.
Hong Kong's Hang Seng index jumped 4.4%, while Japan's benchmark Nikkei 225 index was up 3.7%.
Asian bourses were tracking Wall Street's gains after the benchmark Dow Jones index hit a one-month high.
"Investors believe the credit crisis in the U.S. is over," said Francis Lun, a general manager at Fulbright Securities in Hong Kong.
"They think the worst has gone."
Hooray!
What was all the fuss about? Time to borrow, borrow, borrow and Buy To Let it all away.
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