World stocks up on Monday

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Source: CCTV.com | 10-21-2008 08:39

World stocks rose on Monday as lower interbank lending rates fueled hopes that credit markets are returning to normal.

Financial professionals look over computer monitors at their stations on the floor of the New York Stock Exchange near the beginning of the trading day in New York. AFP/Getty Images/Chris Hondros)

This follows concerted action by governments and central banks to shore up the financial system.

Britain's FTSE was up 4.7 percent while Germany's DAX increased 1.1 percent. The CAC in France was up 3.6 percent.

Tokyo stocks closed higher on Monday with the Nikkei climbing almost 3.6 percent to pass the 9-thousand mark. Hong Kong stocks jumped 5.28 percen closing at over 15-thousand.

The Shanghai Composite Index was up 2.25 percent at closing.

Editor:Zhang Pengfei