Global stocks soar on bargain hunting

Tokyo: World stocks marched higher on bargain hunting, even as monetary policy tightening by central banks and risks of slowing global growth remained an overhang.

Elsewhere in Asia, markets in Hong Kong, Tokyo and Seoul ended with smart gains, while Shanghai settled in the red. European bourses were trading in the green in mid-session deals. The US markets were closed on Monday for a holiday. Meanwhile, international oil benchmark Brent crude jumped 1.57 per cent to $115.9 per barrel. The rupee declined 12 paise to close at 78.10 (provisional) against the US dollar on Tuesday.

However, with the highly sensitive nature of the current equity market, even the slightest inconvenience can trigger volatility, he added.

From the global markets, Asian equities in Hong Kong, Tokyo and Seoul ended with smart gains, while Shanghai settled in the red. European markets were trading in the green in mid-session deals. The US markets were closed on Monday for a holiday.