12 Aug '11, 11pm

World stock markets rally

World stock markets rally

NEW YORK: World stock markets finished a rollercoaster week on a high note Friday, with traders breathing easier but still jittery over the shock waves of slower growth, the US credit downgrade and eurozone debt fears. One of the most volatile weeks on record saw panic selling, quickly replaced by opportunity buying, and then repeated again; some major stock markets plunged more than five percent in one session and then rose more than five percent the next. At the end, in markets where the sparks to selling originated, in Europe and the United States, net losses were mostly relatively small -- with the exception with Frankfurt's Dax -- while in Asia markets paid more as collateral casualties. "The pure exhaustion that was this week's market has left participants strained as volatility reigned supreme," said Kimberly DuBord at Briefing.com. "The prevailing thought on Wall S...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

European stock markets rebound from sharp losses

European stock markets rebound from sharp losses

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Rally

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