ALMATY (Reuters) - China's western neighbours Kazakhstan and Kyrgyzstan said on Thursday they were evacuating their citizens from the restive region of Xinjiang following days of ethnic rioting against Chinese rule.
Clashes between Muslim Uighurs and Han Chinese have left 156 people dead and 1,080 wounded since Sunday in a region where the Uighur minority has long complained about repression and discrimination.
Mainly Muslim Central Asia is home to the biggest Uighur community outside China, but despite sharing a similar linguistic and cultural heritage, they have traditionally uneasy relations with the local population.
Central Asian governments, while officially welcoming their presence, are wary of what they see as Uighur aspirations to set up their own independent state between China and Kazakhstan.
Kazakhstan, home to 300,000 Uighurs, said it had brought back more than 1,200 citizens from the riot-hit region about 800 km (500 miles) from its financial capital, Almaty.
Central Asia, a region divided among five nations run by authoritarian leaders, is worried the latest violence may spill over into its ethnically diverse territory and has largely supported China's position on the Uighur issue.
"What is happening there is China's internal affair," said a Kazakh foreign ministry spokesman.
No protests have been reported on the Central Asian side of the border -- a thinly populated stretch of barren land.
Kazakhstan had earlier warned its citizens against travelling to Xinjiang and agreed with China's embassy to stop issuing tourist visas to people planning to go there - a blow to thousands of traders involved in brisk cross-border trade.
Sitting on big oil and gas reserves, the region is seen by China as a new source of energy. Dwarfed by China's economic might, regional leaders have never opposed their giant neighbour.
Kyrgyzstan, an impoverished nation of five million, said it had evacuated more than 100 people from the Xinjiang capital Urumqi and was arranging to bring back dozens more.
"At the moment Kyrgyz embassy staff are in Urumqi to provide assistance to Kyrgyz citizens," the Kyrgyz foreign ministry said in a statement. Tajikistan, which also borders China, has not commented on the violence.
Uighurs, who ran a vast empire of their own around the 8th century stretching from Central Asia to the Pacific, came to Central Asia en masse in the middle of the 20th century following a failed bid to re-establish their own state.
Thursday, July 9, 2009
climate talks divide rich and poor countries
G-8 climate talks divide rich and poor countries
By NICOLE WINFIELD – 2 hours ago
L'AQUILA, Italy (AP) — The chasm between rich and poor on how to address climate change burst into the open at the G-8 summit Thursday, showing how difficult it will be to persuade the world to make lifestyle and economic sacrifices needed to save the planet from global warming.
President Barack Obama urged emerging economies to do more to curb global warming, while the U.N. chief demanded developed countries set an example and take more concrete steps to reduce pollution.
Especially reluctant to commit to change were two budding powers that are just now getting comfortable economically: India and China.
Obama said industrialized countries, the United States included, had a "historic responsibility" to take the lead in emissions reduction efforts because they have a larger carbon footprint than developing nations.
"And I know that in the past, the United States has sometimes fallen short of meeting our responsibilities. So, let me be clear: Those days are over," he said.
But he said developing nations have to do their part, as well.
"With most of the growth in projected emissions coming from these countries, their active participation is a prerequisite for a solution," Obama said.
Two days of negotiations between the world's major industrial polluters and developing nations failed to make any major breakthrough on firm commitments to reduce carbon emissions. While both sides said for the first time that global average temperatures shouldn't rise over 2 degrees Celsius, they didn't set any joint targets to reach that goal.
And significantly, the Group of Eight industrialized nations made no firm commitment to help developing countries financially cope with the effects of rising seas, increased droughts and floods, or provide the technology to make their carbon-heavy economies more climate friendly.
The results indicate how difficult it will be to craft a new climate change treaty by December, when nations from around the world will gather in Copenhagen, Denmark, to negotiate a successor to the 1987 Kyoto protocol, which expires in 2012.
"That leaves us with quite a lot of work to do," said the chief U.N. climate change negotiator, Yvo de Boer.
The comments came at the conclusion of a meeting of the 17-nation Major Economies Forum, which includes the G-8 — Canada, Britain, France, Germany, Italy, Russia, Japan and the United States — and other emerging countries: China, which has overtaken the U.S. as the world's biggest polluter, and India, which is close behind. Mexico, Brazil, South Africa, Indonesia, Australia, South Korea and the European Union also are in that club of the world's major polluters.
The G-8 did set a long-term commitment to reduce their carbon emissions by 80 percent by 2050. But they made no shorter-term target, despite warnings from a U.N. panel that they must cut emissions between 25 percent and 40 percent by 2020 to keep average global temperatures from rising more than 2 degrees above preindustrial levels 150 years ago.
Most scientists agree that even a slight increase in average temperatures would wreak havoc on farmers around the globe, as seasons shift, crops fail and storms and droughts ravage fields.
Countries like China and India — the next generation of big polluters — want the industrial countries to commit to reducing carbon emissions by 40 percent over the next decade before they commit to any reductions of their own. Without that commitment from the G-8, they refused to make any targets of their own.
"The ground for a breakthrough can only be prepared if the G-8 leaders reach consensus on the midterm binding goals of cutting greenhouse emission and stop asking the developing nations to act first as an excuse for their not committing to the binding goals," China's official Xinhua News Agency said in a commentary earlier this week.
The failures earned the G-8 a sharp rebuke from U.N. Secretary-General Ban Ki-moon.
"The policies that they have stated so far are not enough, not sufficient enough," Ban said Thursday. "This is the science. We must work according to the science. This is politically and morally imperative and a historic responsibility for the leaders for the future of humanity, even for the future of planet Earth."
Obama did announce Thursday that the Group of 20 major economies would take up the climate financing issue at their meeting in September in Pittsburgh — a move environmentalists said could help break the logjam while sending developing countries a signal that the G-8 is serious about financing.
"To get the finance ministers focused on this topic is a useful way of pushing forward one of the key agenda items," de Boer said.
He stressed that it was perfectly understandable for developing countries to refuse to commit to reduction targets when they have no idea how they're going to pay for them or what industrialized countries are going to commit to in the short term.
That failure of the G-8 "made it very much a black box for the developing countries ... because if you don't know what the industrial countries are going to commit to by 2020 and you don't know what financing is going to be on the table for developing countries, it becomes very much a leap of faith."
Annie Petsonk, lawyer for the Environmental Defense Fund, said that the outcome of the talks were natural given that there are five months to go before the Copenhagen treaty summit.
"It's no surprise if developing nations aren't rushing in to sign up for new goals and targets right away," she said. "This is a negotiation after all. But the starting gun has sounded and everyone knows they need to go home and start thinking seriously about what they can bring to the table."
By NICOLE WINFIELD – 2 hours ago
L'AQUILA, Italy (AP) — The chasm between rich and poor on how to address climate change burst into the open at the G-8 summit Thursday, showing how difficult it will be to persuade the world to make lifestyle and economic sacrifices needed to save the planet from global warming.
President Barack Obama urged emerging economies to do more to curb global warming, while the U.N. chief demanded developed countries set an example and take more concrete steps to reduce pollution.
Especially reluctant to commit to change were two budding powers that are just now getting comfortable economically: India and China.
Obama said industrialized countries, the United States included, had a "historic responsibility" to take the lead in emissions reduction efforts because they have a larger carbon footprint than developing nations.
"And I know that in the past, the United States has sometimes fallen short of meeting our responsibilities. So, let me be clear: Those days are over," he said.
But he said developing nations have to do their part, as well.
"With most of the growth in projected emissions coming from these countries, their active participation is a prerequisite for a solution," Obama said.
Two days of negotiations between the world's major industrial polluters and developing nations failed to make any major breakthrough on firm commitments to reduce carbon emissions. While both sides said for the first time that global average temperatures shouldn't rise over 2 degrees Celsius, they didn't set any joint targets to reach that goal.
And significantly, the Group of Eight industrialized nations made no firm commitment to help developing countries financially cope with the effects of rising seas, increased droughts and floods, or provide the technology to make their carbon-heavy economies more climate friendly.
The results indicate how difficult it will be to craft a new climate change treaty by December, when nations from around the world will gather in Copenhagen, Denmark, to negotiate a successor to the 1987 Kyoto protocol, which expires in 2012.
"That leaves us with quite a lot of work to do," said the chief U.N. climate change negotiator, Yvo de Boer.
The comments came at the conclusion of a meeting of the 17-nation Major Economies Forum, which includes the G-8 — Canada, Britain, France, Germany, Italy, Russia, Japan and the United States — and other emerging countries: China, which has overtaken the U.S. as the world's biggest polluter, and India, which is close behind. Mexico, Brazil, South Africa, Indonesia, Australia, South Korea and the European Union also are in that club of the world's major polluters.
The G-8 did set a long-term commitment to reduce their carbon emissions by 80 percent by 2050. But they made no shorter-term target, despite warnings from a U.N. panel that they must cut emissions between 25 percent and 40 percent by 2020 to keep average global temperatures from rising more than 2 degrees above preindustrial levels 150 years ago.
Most scientists agree that even a slight increase in average temperatures would wreak havoc on farmers around the globe, as seasons shift, crops fail and storms and droughts ravage fields.
Countries like China and India — the next generation of big polluters — want the industrial countries to commit to reducing carbon emissions by 40 percent over the next decade before they commit to any reductions of their own. Without that commitment from the G-8, they refused to make any targets of their own.
"The ground for a breakthrough can only be prepared if the G-8 leaders reach consensus on the midterm binding goals of cutting greenhouse emission and stop asking the developing nations to act first as an excuse for their not committing to the binding goals," China's official Xinhua News Agency said in a commentary earlier this week.
The failures earned the G-8 a sharp rebuke from U.N. Secretary-General Ban Ki-moon.
"The policies that they have stated so far are not enough, not sufficient enough," Ban said Thursday. "This is the science. We must work according to the science. This is politically and morally imperative and a historic responsibility for the leaders for the future of humanity, even for the future of planet Earth."
Obama did announce Thursday that the Group of 20 major economies would take up the climate financing issue at their meeting in September in Pittsburgh — a move environmentalists said could help break the logjam while sending developing countries a signal that the G-8 is serious about financing.
"To get the finance ministers focused on this topic is a useful way of pushing forward one of the key agenda items," de Boer said.
He stressed that it was perfectly understandable for developing countries to refuse to commit to reduction targets when they have no idea how they're going to pay for them or what industrialized countries are going to commit to in the short term.
That failure of the G-8 "made it very much a black box for the developing countries ... because if you don't know what the industrial countries are going to commit to by 2020 and you don't know what financing is going to be on the table for developing countries, it becomes very much a leap of faith."
Annie Petsonk, lawyer for the Environmental Defense Fund, said that the outcome of the talks were natural given that there are five months to go before the Copenhagen treaty summit.
"It's no surprise if developing nations aren't rushing in to sign up for new goals and targets right away," she said. "This is a negotiation after all. But the starting gun has sounded and everyone knows they need to go home and start thinking seriously about what they can bring to the table."
Monday, May 4, 2009
Wednesday, April 29, 2009
shares and stocks
What's the difference between shares and stocks?
--------------------------------------------------------------------------------
In today's financial markets, the distinction between stocks and shares has been somewhat blurred. Generally, these words are used interchangeably to refer to the pieces of paper that denote ownership in a particular company, called stock certificates. However, the difference between the two words comes from the context in which they are used.
For example, "stock" is a general term used to describe the ownership certificates of any company, in general, and "shares" refers to a the ownership certificates of a particular company. So, if investors say they own stocks, they are generally referring to their overall ownership in one or more companies. Technically, if someone says that they own shares - the question then becomes - shares in what company?
Bottom line, stocks and shares are the same thing. The minor distinction between stocks and shares is usually overlooked, and it has more to do with syntax than financial or legal accuracy.
(To read more on stocks, see our Stock Basics Tutorial.)
Get A FREE Options Investing Kit
Ask Us A Question!
--------------------------------------------------------------------------------
In today's financial markets, the distinction between stocks and shares has been somewhat blurred. Generally, these words are used interchangeably to refer to the pieces of paper that denote ownership in a particular company, called stock certificates. However, the difference between the two words comes from the context in which they are used.
For example, "stock" is a general term used to describe the ownership certificates of any company, in general, and "shares" refers to a the ownership certificates of a particular company. So, if investors say they own stocks, they are generally referring to their overall ownership in one or more companies. Technically, if someone says that they own shares - the question then becomes - shares in what company?
Bottom line, stocks and shares are the same thing. The minor distinction between stocks and shares is usually overlooked, and it has more to do with syntax than financial or legal accuracy.
(To read more on stocks, see our Stock Basics Tutorial.)
Get A FREE Options Investing Kit
Ask Us A Question!
Saturday, November 29, 2008
Wednesday, October 29, 2008
Obama goes prime-time
Obama goes prime-time; McCain goes after Obama
AP - 31 minutes ago
AP - Democratic presidential candidate Barack Obama plunked down $4 million for a campaign-closing television ad Wednesday night and summoned voters to "choose hope over fear and unity over division" in Tuesday's election. Republican John McCain derided the event as a "gauzy, feel-good commercial," paid for with broken promises
AP - 31 minutes ago
AP - Democratic presidential candidate Barack Obama plunked down $4 million for a campaign-closing television ad Wednesday night and summoned voters to "choose hope over fear and unity over division" in Tuesday's election. Republican John McCain derided the event as a "gauzy, feel-good commercial," paid for with broken promises
Stocks
Stocks end mixed in late slide after Fed rate cut
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Digg Facebook Newsvine del.icio.us Reddit StumbleUpon Technorati Yahoo! Bookmarks Print By TIM PARADIS, AP Business Writer Tim Paradis, Ap Business Writer – Wed Oct 29, 6:29 pm ET Play Video ABC News – Will the Market Rally Continue?
Slideshow: Stock Markets Play Video Video: Technical View of the Market CNBC Related Quotes Symbol Price Change
GE 19.20 0.00
^GSPC 930.09 0.00
^IXIC 1,657.21 +7.74
AP – Specialists work at a post on the floor of the New York Stock Exchange, Wednesday, Oct. 29, 2008. (AP … NEW YORK – Wall Street received the interest rate cut it wanted, but still turned in a baffling late-day performance Wednesday, shooting higher and then skidding lower in the very last minutes of trading as some investors rushed to cash in profits after the previous session's big advance. The major indexes ended the day mixed, with the Dow Jones industrials falling 74 points — only the third time in October that the blue chips had just a double-digit close.
Analysts were divided over why the market turned around so abruptly. Some cited reports of a lackluster profit forecast at General Electric Co. — a Dow component that dropped nearly 4 percent from its late-session high — and others contended investors were simply looking to cash in gains after the Federal Reserve's decision to lower its fed funds rate by a half-point to 1 percent.
"It was a panic sell in the last two minutes," said Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams in New York, referring to reports that GE was aiming at 2009 profits to be little changed from 2008. The reports were subsequently called into question, and a GE spokesman said the statements were taken out of context.
Because of the last-hour confusion, it was likely that it would take the opening of trading on Thursday to get a better read on how the market feels about the Fed's rate cut and its accompanying economic statement. At the same time, the Commerce Department's expected reading on the gross domestic product for the third quarter will most likely shape trading.
The market waffled while it was still digesting the Fed's afternoon announcement, then advanced for most of the final hour of trading. Until shortly before the close, it looked like Wall Street was feeling more confident about the economy and would extend its huge rally from Tuesday, which propelled the Dow Jones industrials up nearly 900 points.
Policymakers spelled out a weakening of economic conditions in the U.S. and abroad, citing first a drop in spending by American consumers. The Fed also reiterated that it expects government steps, including its own efforts to increase liquidity, to improve credit market conditions and the economy over time.
Bruce McCain, chief investment strategist at Key Private Bank in Cleveland, said the Fed's overall tone conveyed it regards the economic troubles as somewhat typical of a weak economy and not the kind of intractable problems that signal a deep recession is imminent.
"They more or less indicated elevated concerns about the economy but nothing in it suggests any real panic but that this is just one more step in their program to restore the financial system to complete functioning."
But the final hour of trading on Wall Street over the past month has seen turnarounds in sentiment as well as prices, and the late-session volatility that has become the norm was in force again Wednesday.
"We set ourselves up in the last hour with a golden opportunity to lock in profits," said Ryan Larson, senior equity trader at Voyageur Asset Management, a subsidiary of RBC Dain Rauscher.
He said that very late in the day, more investors were putting a somewhat downbeat spin on the Fed's statement, which Larson said indicated policymakers are willing to lower the fed funds rate below 1 percent if necessary. Traders started thinking, "if they're willing to go under 1 percent, there must be serious problems that we don't know about yet," he said.
The Dow was up as much as 298 points in the last quarter hour of the session, giving it a two-day gain of more than 1,187 points, when it began to slide. It closed down 74.16, or 0.82 percent, at 8,990.96. During the 21 trading days so far this month, the Dow has logged gains or losses of fewer than 100 points only twice — on Oct. 1 and Oct. 14; the month has seen unprecedented volatility, with the blue chips recording their largest ever advance, 936 points, and their largest ever decline, 778 points.
Broader stock indicators were mixed. The S&P 500 index fell 10.42, or 1.11 percent, to 930.09, and the technology-heavy Nasdaq composite index advanced 7.74, or 0.47 percent, to 1,657.21.
Advancing issues outnumbered decliners by about 2 to 1 on the New York Stock Exchange, where consolidated volume totaled 7.01 billion shares compared with 6.93 billion shares traded Tuesday.
Some traders expressed frustration at the market's finish.
"You cannot have moves like this and have any sort of investor confidence," said Joe Saluzzi, co-head of equity trading at Themis Trading LLC.
The credit markets had a lukewarm response to the Fed move. The yield on the three-month Treasury bill, regarded as the safest investment around and an indicator of investor sentiment, fell to 0.58 percent from 0.74 percent Tuesday. A drop in yield indicates an increase in demand. Meanwhile, the yield on the benchmark 10-year Treasury note rose to 3.86 percent from 3.84 percent late Tuesday.
Light, sweet crude rose $4.77 to settle at $67.50 a barrel on the New York Mercantile Exchange as the dollar fell against other major currencies. With many commodities priced in dollars a weaker greenback makes prices rise.
It was clear from Wednesday's trading that Wall Street is nowhere near moving away from the volatility that has devastated stock prices this month. And many investors are hesitant to re-enter the market after being hit hard — even with Tuesday's jump, the three major stock indexes are still down more than 30 percent for the year, battered since last month's freeze-up of the credit markets. The troubles with the credit markets have made it harder and more expensive for businesses and consumers to get loans.
While signs have emerged that the government action to revive credit markets is starting to work, investors remain skittish over the effects of the prolonged credit freeze on the economy, which relies on lending to feed growth.
Investors are hoping the latest rate cut will complement the government's still-unfolding efforts to aid the commercial paper market, where companies turn for short-term loans, and the banks themselves. The Treasury Department this week is investing directly in banks, hoping the cash will make them more likely to issue loans.
Wall Street's rally Tuesday helped lift trading in most markets overseas. Japan's Nikkei stock average jumped 7.74 percent. Britain's FTSE 100 rose 8.05 percent, Germany's DAX index slipped 0.31 percent, and France's CAC-40 rose 9.23 percent.
___
Buzz Up Send
Email IM Share
Digg Facebook Newsvine del.icio.us Reddit StumbleUpon Technorati Yahoo! Bookmarks Print By TIM PARADIS, AP Business Writer Tim Paradis, Ap Business Writer – Wed Oct 29, 6:29 pm ET Play Video ABC News – Will the Market Rally Continue?
Slideshow: Stock Markets Play Video Video: Technical View of the Market CNBC Related Quotes Symbol Price Change
GE 19.20 0.00
^GSPC 930.09 0.00
^IXIC 1,657.21 +7.74
AP – Specialists work at a post on the floor of the New York Stock Exchange, Wednesday, Oct. 29, 2008. (AP … NEW YORK – Wall Street received the interest rate cut it wanted, but still turned in a baffling late-day performance Wednesday, shooting higher and then skidding lower in the very last minutes of trading as some investors rushed to cash in profits after the previous session's big advance. The major indexes ended the day mixed, with the Dow Jones industrials falling 74 points — only the third time in October that the blue chips had just a double-digit close.
Analysts were divided over why the market turned around so abruptly. Some cited reports of a lackluster profit forecast at General Electric Co. — a Dow component that dropped nearly 4 percent from its late-session high — and others contended investors were simply looking to cash in gains after the Federal Reserve's decision to lower its fed funds rate by a half-point to 1 percent.
"It was a panic sell in the last two minutes," said Dave Rovelli, managing director of U.S. equity trading at Canaccord Adams in New York, referring to reports that GE was aiming at 2009 profits to be little changed from 2008. The reports were subsequently called into question, and a GE spokesman said the statements were taken out of context.
Because of the last-hour confusion, it was likely that it would take the opening of trading on Thursday to get a better read on how the market feels about the Fed's rate cut and its accompanying economic statement. At the same time, the Commerce Department's expected reading on the gross domestic product for the third quarter will most likely shape trading.
The market waffled while it was still digesting the Fed's afternoon announcement, then advanced for most of the final hour of trading. Until shortly before the close, it looked like Wall Street was feeling more confident about the economy and would extend its huge rally from Tuesday, which propelled the Dow Jones industrials up nearly 900 points.
Policymakers spelled out a weakening of economic conditions in the U.S. and abroad, citing first a drop in spending by American consumers. The Fed also reiterated that it expects government steps, including its own efforts to increase liquidity, to improve credit market conditions and the economy over time.
Bruce McCain, chief investment strategist at Key Private Bank in Cleveland, said the Fed's overall tone conveyed it regards the economic troubles as somewhat typical of a weak economy and not the kind of intractable problems that signal a deep recession is imminent.
"They more or less indicated elevated concerns about the economy but nothing in it suggests any real panic but that this is just one more step in their program to restore the financial system to complete functioning."
But the final hour of trading on Wall Street over the past month has seen turnarounds in sentiment as well as prices, and the late-session volatility that has become the norm was in force again Wednesday.
"We set ourselves up in the last hour with a golden opportunity to lock in profits," said Ryan Larson, senior equity trader at Voyageur Asset Management, a subsidiary of RBC Dain Rauscher.
He said that very late in the day, more investors were putting a somewhat downbeat spin on the Fed's statement, which Larson said indicated policymakers are willing to lower the fed funds rate below 1 percent if necessary. Traders started thinking, "if they're willing to go under 1 percent, there must be serious problems that we don't know about yet," he said.
The Dow was up as much as 298 points in the last quarter hour of the session, giving it a two-day gain of more than 1,187 points, when it began to slide. It closed down 74.16, or 0.82 percent, at 8,990.96. During the 21 trading days so far this month, the Dow has logged gains or losses of fewer than 100 points only twice — on Oct. 1 and Oct. 14; the month has seen unprecedented volatility, with the blue chips recording their largest ever advance, 936 points, and their largest ever decline, 778 points.
Broader stock indicators were mixed. The S&P 500 index fell 10.42, or 1.11 percent, to 930.09, and the technology-heavy Nasdaq composite index advanced 7.74, or 0.47 percent, to 1,657.21.
Advancing issues outnumbered decliners by about 2 to 1 on the New York Stock Exchange, where consolidated volume totaled 7.01 billion shares compared with 6.93 billion shares traded Tuesday.
Some traders expressed frustration at the market's finish.
"You cannot have moves like this and have any sort of investor confidence," said Joe Saluzzi, co-head of equity trading at Themis Trading LLC.
The credit markets had a lukewarm response to the Fed move. The yield on the three-month Treasury bill, regarded as the safest investment around and an indicator of investor sentiment, fell to 0.58 percent from 0.74 percent Tuesday. A drop in yield indicates an increase in demand. Meanwhile, the yield on the benchmark 10-year Treasury note rose to 3.86 percent from 3.84 percent late Tuesday.
Light, sweet crude rose $4.77 to settle at $67.50 a barrel on the New York Mercantile Exchange as the dollar fell against other major currencies. With many commodities priced in dollars a weaker greenback makes prices rise.
It was clear from Wednesday's trading that Wall Street is nowhere near moving away from the volatility that has devastated stock prices this month. And many investors are hesitant to re-enter the market after being hit hard — even with Tuesday's jump, the three major stock indexes are still down more than 30 percent for the year, battered since last month's freeze-up of the credit markets. The troubles with the credit markets have made it harder and more expensive for businesses and consumers to get loans.
While signs have emerged that the government action to revive credit markets is starting to work, investors remain skittish over the effects of the prolonged credit freeze on the economy, which relies on lending to feed growth.
Investors are hoping the latest rate cut will complement the government's still-unfolding efforts to aid the commercial paper market, where companies turn for short-term loans, and the banks themselves. The Treasury Department this week is investing directly in banks, hoping the cash will make them more likely to issue loans.
Wall Street's rally Tuesday helped lift trading in most markets overseas. Japan's Nikkei stock average jumped 7.74 percent. Britain's FTSE 100 rose 8.05 percent, Germany's DAX index slipped 0.31 percent, and France's CAC-40 rose 9.23 percent.
___
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