KUALA LUMPUR: Share markets in Asia and Europe surged yesterday as investors picked up battered stocks following last week’s historic rout. They hope the worldwide credit crisis would ease as governments stepped up efforts to shore up the troubled financial markets.
In Hong Kong, the main stock benchmark soared 10.2% to close at 16,312 points after falling 20% last week. Stock markets in South Korea, Singapore, India and Australia were up by at least 3.6%, cued by European markets’ strong opening and indications that share prices would jump in the US as trading resumed for the week.