Markets rallied strongly in Asia today morning, as investors jumped into stocks tied to global economic growth. South Korea’s Kospi jumped 3.8%, Australia’s S&P/ASX 200 index climbed 2.7%, and Japan’s Nikkei Stock Average rose 2%. In China, Hong Kong’s Hang Seng Index rose 1.8%, while the Shanghai Composite Index advanced 1.5%.
Investors and traders appear to be cautiously optimistic as of this time of the day.
European stock markets opened higher too, in a rebound bid after recent waves of selling, with banks’ stocks up. The Stoxx Europe 600 index rose 2%, while the France CAC 40 index jumped 2.3% and the German DAX 30 index rose 2.6%.
In the U.S, stocks ended Tuesday’s session down, but off lows of the day after a gauge of the country’s services sector unexpectedly improved. Analysts still expect positive data to be released further this week.
