Wednesday, November 9, 2011

Asian shares rise after Berlusconi's resignation pledge





Asian markets posted modest gains after Italian Prime Minister Silvio Berlusconi said he would step down, boosting optimism that problems in the eurozone may ease.

Japan's main index rose 1%, South Korea was up 1% and Australia gained 1.5%.

US markets had gained earlier on the news.

Investors have been worried that Italy's high debt levels and low growth rate could see it struggle to repay its government bonds.

SEE BBC BUSINES NEWS: http://www.bbc.co.uk/news/business-15649409

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