Markets in Asia were up sharply.

The Nikkei rose 14.3% to 9,456. Mitsubishi UFJ was up 14%. Toyota (TM) rose 15.5%. Honda (HMC) rose 17.8%.

The Hang Seng moved up 4.4% to 17,028. CNOOC rose 15.4%.

The Shanghai Composite dropped 2.7% to 2,017.

In Europe, at the open, the Dax was up 3.5% to 5,241. The FTSE was up 1.9% to 4,334. The CAC40 rose 2.1% to 3,604.

Data from Reuters.

Douglas A. McIntyre