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Stocks and commodities surge amid hopes for new China boost

Posted on 05 March 2009

From FT: Stocks and commodity prices rose around the world yesterday amid hopes that China’s leaders would unveil their second economic stimulus package in four months at today’s opening of the National People’s Congress.

The Shanghai Composite, China’s leading stock market index, rose more than 6 per cent in its biggest one-day gain since November, after a senior official said Wen Jiabao, premier, would outline new spending plans to combat the global downturn at the NPC, China’s legislature….. Full Article: Source


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