Asian and European markets trade higher Kospi leads regional gains with 4.4% rise

Major Asian stock markets surged today. South Korea’s Kospi snapped its three-day losing streak and ended 4.4 per cent higher.
 
Japan’s Nikkei 225 climbed almost 2.9 per cent, Taiwan’s Taiex rose over two and a half per cent, Singapore’s Strait Times index gained over 1.5 per cent, Hong Kong’s Hang Seng added more than 0.4 per cent, and China’s Shanghai Composite rose marginally.
 
In European markets, Germany’s DAX rose 1.3 per cent, and London’s FTSE 100 gained 0.4 per cent, when reports last came in.