asian stock market jump oct 11 2011

asian stock market jump oct 11 2011 : Asian shares jumped on Tuesday after China moved to support its stock market by buying shares of major banks, and the euro held the previous session's big gains on hopes that European leaders are finally taking action to protect the continent's lenders.

World stocks clambered out of bear market territory on Monday after a pledge from German and French leaders to come up with a plan by the end of the month to tackle Greece's confidence-sapping debt woes and recapitalize European banks.

Commodities were steady after surging on Monday as money flowed back into riskier assets.

Shares in China's big four banks leapt after the country's sovereign wealth fund bought their shares in the secondary market on Monday, in Beijing's first move to support stock prices since the 2008 financial crisis.

Japan's Nikkei share average .N225 rose 2.2 percent, partly catching up with gains elsewhere in the region on Monday, when Tokyo was shut for a holiday. .T

MSCI's broadest index of Asia Pacific shares outside Japan .MIAPJ0000PUS also rose 2.2 percent, led by a jump in Chinese shares, with Hong Kong's Hang Seng .HSI up 3.6 percent and Shanghai's benchmark .SSEC up 2.8 percent. .HK .SS, For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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