Markets surged yesterday as world leaders agreed a sweeping package of measures to fight the global recession, including a $250bn increase in the international money supply.
Gordon Brown, UK prime minister and host of the G20 summit in London, claimed that the deal marked the emergence of a “new world order” as he announced a range of moves, including a pledge to give a $500bn boost to International Monetary Fund to help struggling emerging economies.
In Asia, stocks surged ahead of the summit, with Hong Kong shares' seeing their biggest daily advance in four months.
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