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Asian Stocks End Higher on China Stimulus

Stock quotes in this article: GM , F , STD , HBC , AZ  

Updated from 12:29 a.m.

Asian stocks closed higher Monday, stocks in Europe rose and stock futures in the U.S. were higher after the Chinese government announced a $586 billion (4 trillion yuan) stimulus package aimed at helping the country weather the global financial and economic crisis.

The CSI index in China finished 7.4% higher after the Chinese government unveiled a package designed to boost domestic demand amid signs China's export-driven economy is starting to feel the effects of the global slowdown.

Japan's Nikkei 225 stock average closed up 5.8% to 9081.43. The Hang Seng index in Hong Kong rose 3.5%, while the S&P/ASX 200 index in Australia finished to the upside by 1.4%. ...

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