Chinese Stock Market Up 8 Percent in Wake of Stimulus Package, Global Market Follows

By Jake on
(Photo by Getty Images AsiaPac) After the Chinese government poured nearly $586 billion in stimulus into its slowing economy, China's leading stock exchange perked up by 7.3 percent, followed by similar round of gains in the global marketplace. Japan's Nikkei rose by 5.8 percent, while Hong Kong's Hang Seng index was up b 3.5 percent. European markets all posted smaller but still positive gains.Meanwhile, the U.S. stock market ended slightly down today. After an initial rise, mainly due to...Read Full Story