LONDON – European stock markets rebounded from recent heavy losses in early trade today, with London’s benchmark FTSE 100 index up 0.7% at 6,452.24 points.
In the eurozone, Frankfurt's DAX 30 rose 1.1% to 13,584.47 points and the Paris CAC 40 added almost 1.0% to stand at 5,451.12.
Equities bounced today following last week’s blood-letting as bargain-buyers moved in but dealers remain on edge over the future course of the coronavirus pandemic and a stuttering vaccination programme in many countries.
In Asia, the new week started on a positive note, with Hong Kong and Seoul up more than 2%, while Tokyo and Taipei jumped more than 1%. Manila and Jakarta piled on more than 3% and there were also big gains in Shanghai, Sydney and Bangkok. Singapore and Wellington both fell.
Mumbai soared more than 4% as traders welcomed the announcement of a big-spending Covid-19 budget that will see more than US$13 billion (RM52.55 billion) splurged on a range of measures including infrastructure and healthcare. – AFP, February 1, 2021
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