Most Read: Business

DJIA
0.87%
NASDAQ
0.34%
 Last Update: 4:15 PM 12/22/2014(NASDAQ&DJIA)

World Markets from      

 

Other Market Data from      

 

Key Rates from      

 
Political Economy
Posted at 08:05 PM ET, 08/09/2011

Asian markets open sharply higher

Markets in Tokyo and Sydney opened sharply higher early Wednesday, rebounding from Tuesday’s continued losses and building on the momentum of the U.S. stock market rally.

Japan’s blue-chip Nikkei 225 average opened up 1.9 percent, putting it well above the 9,000 it left during Tuesday’s heavy selling. Australia’s Standard & Poor’s /ASX 200 index was up almost 1 percent on the opening bell, putting it on track to recover from Monday’s close of 3,986.10, the lowest in more than two years.

Asian markets ended Tuesday down sharply lower, with several markets, including Hong Kong, South Korea and Singapore, losing more than 3 percent on fears of the continuing fallout from the European debt crisis and the global economic slowdown. If they continue to recover, that could fuel more confidence in U.S. markets when trading resumes Wednesday.

By Cezary Podkul  |  08:05 PM ET, 08/09/2011

 
Read what others are saying
     

    © 2011 The Washington Post Company