American markets rallied today on news that several US banks may extend the repayment terms on some South Korean loans, allaying some fear of economic collapse in the Asian nation. The Dow gained 1.47 percent. The Nasdaq rose 1.72 percent. Europe: Trading was light, but gains were hefty. London's FTSE 100 was up 2 percent, Frankfurt's DAX 40 was ahead 1.8 percent, Paris's CAC 40 was up 2.1 percent. Asia: Indexes were buoyant - Hong Kong's Hang Seng rose 1.6 percent, and Tokyo's Nikkei shook off domestic worries to finish nearly unchanged.
Market Wrap
American markets rallied today on news that several US banks may extend the repayment terms on some South Korean loans, allaying some fear of economic collapse in the Asian nation. The Dow gained 1.47 percent. The Nasdaq rose 1.72 percent. Europe: Trading was light, but gains were hefty. London's FTSE 100 was up 2 percent, Frankfurt's DAX 40 was ahead 1.8 percent, Paris's CAC 40 was up 2.1 percent. Asia: Indexes were buoyant - Hong Kong's Hang Seng rose 1.6 percent, and Tokyo's Nikkei shook off domestic worries to finish nearly unchanged.
