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| Version 1 | Version 2 |
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| Asian stock markets extend rally | Asian stock markets extend rally |
| (about 3 hours later) | |
| Asian shares have gained ground in Tuesday trading, taking heart from a US plan to deal with banks' toxic assets. | Asian shares have gained ground in Tuesday trading, taking heart from a US plan to deal with banks' toxic assets. |
| In Japan, the Nikkei rose 3.3%, Hong Kong's Hang Seng index was up 3.4% and South Korea's Kospi index rose 1.9%. | |
| On Wall Street, the Dow Jones index rallied 7% to close at 7,775 points - its highest level in nearly a month. | On Wall Street, the Dow Jones index rallied 7% to close at 7,775 points - its highest level in nearly a month. |
| European markets were mixed, with the UK's FTSE 100 index down 1%, but with France's Cac 40 and Germany's Dax both up almost 0.5% in morning trading. | |
| Investors took cheer from the US Treasury's move to kick-start the financial sector by buying up to $1 trillion (£688bn) worth of toxic debt. | |
| A surprise jump in the number of homes sold also raised hopes that the battered US housing market could be starting to recover. | A surprise jump in the number of homes sold also raised hopes that the battered US housing market could be starting to recover. |
| However, analysts said that investor confidence remained fragile. | However, analysts said that investor confidence remained fragile. |
| "At the end of the day there has been no game changer, even if the plan is implemented perfectly. And that's an enormous 'if'," said Kirby Daley, senior strategist at Newedge Group in Hong Kong. | "At the end of the day there has been no game changer, even if the plan is implemented perfectly. And that's an enormous 'if'," said Kirby Daley, senior strategist at Newedge Group in Hong Kong. |