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US market indices soar

26 September 2008 10:07 (UTC +04:00)

Baku. Vugar Mustafayev - APA-Economics. Stock markets surged globally Thursday on signs a deal was near on the US governmentâ€™s massive bailout plan for ailing financial firms.
On Wall Street, the Dow Jones Industrial Average rallied 196.89 points (1.82 percent) to close at 11,022.06 and the Nasdaq composite jumped 30.89 points (1.43 percent) to 2,186.57.
The Standard & Poorâ€™s broad-market index increased 23.31 points (1.97 percent) to 1,209.18.
Earlier gains on US markets lifted spirits in Europe, where Londonâ€™s FTSE index rose 1.99 percent to close at 5,197.02.
In Paris, the CAC 40 advanced 2.73 percent to 4,226.81 while in Frankfurt the Dax added 1.99 percent at 6,173.03.
Tokyo closed down 0.90 percent Thursday, Hong Kong slid 0.20 percent, Sydney shed 1.0 percent and Taipei lost 1.17. Seoul managed a gain of 0.38 percent and Bangkok won 0.11 percent.
Chinese shares shot up 3.64 percent, led by securities firms amid hopes that Beijing would introduce margin trading soon, dealers said.