PakNews: Wall Street surge brings relief to battered equity markets

Thursday, 27 December 2018

Wall Street surge brings relief to battered equity markets

Asian shares on Thursday rode a dramatic surge on Wall Street as markets, battered by a recent drum roll of deepening political and economic gloom, cheered upbeat U.S. data and the Trump administration's effort to shore up investor confidence. A U.S. government shutdown, concerns over slower global growth and U.S. Treasury Secretary Steven Mnuchin convening a crisis group following the sharp sell-off in equities have also rattled investors.