Originally published by the Voice of America (www.voanews.com).
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January 24, 2008

Asian Stocks Rise Following US Rally
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http://enews.voanews.com/t?ctl=1B07C50:A6F02AD83191E160BADB4E46F074D9DD5C6F54A6CF9DC2CA& Earlier this week,
worries about slowing US economy caused world stock prices to plunge





A man walks past a bank displaying the movements of the Hang Seng
Index on an electronic board of the Hong Kong Stock Exchange in Hong
Kong, 24 Jan 2008

Most Asian markets made strong gains Wednesday, while share prices
surged higher in European trading. The sharply rising stock values
follow a dramatic late rally in U.S. markets on Wednesday.

Earlier this week, worries about a slowing U.S. economy caused stock
prices to plunge around the world. In response, the U.S. Federal
Reserve cut a key interest rate sharply by three quarters of one
percent to encourage economic expansion.

The Bush administration and U.S. lawmakers are negotiating the details
of a plan intended to stimulate the faltering U.S. economy.

Investors were also encouraged by efforts to shore up companies that
insure buyers against losses on certain bonds.

And China Thursday reported its economy grew at a blistering 11.4
percent pace in 2007.

Some information for this report was provided by Bloomberg.




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