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| Version 3 | Version 4 |
|---|---|
| Chinese plans boost Asian shares | Chinese plans boost Asian shares |
| (about 3 hours later) | |
| Asian shares jumped on Thursday after Chinese premier Wen Jiabao gave details of his stimulus package and predicted 8% growth for China this year. | Asian shares jumped on Thursday after Chinese premier Wen Jiabao gave details of his stimulus package and predicted 8% growth for China this year. |
| The Shanghai Composite Index closed up 1.0% while in Japan the Nikkei index ended the day 2% higher. | |
| Mr Wen said spending on infrastructure, social schemes and tax cuts would send the budget deficit to a 60-year high. | Mr Wen said spending on infrastructure, social schemes and tax cuts would send the budget deficit to a 60-year high. |
| Markets around the world rose on Wednesday on hopes that Chinese growth could alleviate the global downturn. | Markets around the world rose on Wednesday on hopes that Chinese growth could alleviate the global downturn. |
| Manufacturing hopes | Manufacturing hopes |
| The Nikkei 225 closed up 142.5 points at 7,433.5 on Thursday, the first time it had risen for two days in a row since January. | The Nikkei 225 closed up 142.5 points at 7,433.5 on Thursday, the first time it had risen for two days in a row since January. |
| The Shanghai Composite ended the day up 23.0 points at 2,221.1, having closed up 6.1% on Wednesday. | |
| Wednesday's gains came after the key measure of Chinese manufacturing rose in February for the third month in a row. | Wednesday's gains came after the key measure of Chinese manufacturing rose in February for the third month in a row. |
| "What is good for China is good for the world," said Paul Mendelsohn, chief investment strategist at Windham Financial Services. | "What is good for China is good for the world," said Paul Mendelsohn, chief investment strategist at Windham Financial Services. |
| China is one of the world's biggest economies and the second biggest oil consumer. | China is one of the world's biggest economies and the second biggest oil consumer. |
| However, share markets in Hong Kong and Mumbai bucked the trend. | However, share markets in Hong Kong and Mumbai bucked the trend. |
| Hong Kong's Hang Seng index closed down 119.9 points, or 1.0% at 12,211.2 while Mumbai's Sensex was down 189.9, or 2.3%, at 8,256.6. |