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Global Financial Crisis

In China, the benchmark Shanghai Composite Index jumped 4.2 per cent, the most in over two years. The Shenzhen Composite Index of China surged 5.1 per cent to 860.25.

 
 
The expansion in the world's second-largest economy was the slowest in two-and-a-half years but December retail sales and factory output accelerated
European shares were mostly higher in early trading. Britain's FTSE 100 rose 0.3 per cent to 5,666.73. Germany's DAX rose 0.9 per cent to 6,063.44.
Japan's Nikkei 225 index shed 1.3 per cent to 8,406.99. South Korea's Kospi lost 1.8 per cent to 1,823.30 and Hong Kong's Hang Seng tumbled 2 per cent to 17,984.25.
Hiring is picking up and consumers are spending more despite slower growth globally, the Fed said in its policy statement issued after its final meeting of the year.
 
 
Asian stocks markets fell with trading thinned by year-end holidays and mixed economic news out of the US and Japan.

China's economy grew 9.1 per cent in July-September but is expected to slow to below 9 per cent growth in the coming year.
Japan's Nikkei 225 index fell 0.8 per cent to 8,787.68. South Korea's Kospi lost 0.4 per cent at 1,856.46 and Hong Kong's Hang Seng shed 0.2 per cent to 18,413.79.
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