Asian markets up following G-20 meeting


Asian markets all posted gains today after participants at this weekend's G-20 meeting in London agreed to continue stimulating economies around the world. Overall, the message was clear: finance officials from around the world are eager to cooperate as the world emerges from recession.

This news, coupled with encouraging words from Chinese central bank adviser Fan Geng, sent Hong Kong stocks up 1.5 percent to a three-week closing high of 20,629. Speaking at the China CEO Forum in Beijing today, Fan predicted that investment growth in China's property market could rebound as much as 30 percent next year. "As property developers rush to buy land and plan construction this year, investment activities will soon pick up pace," he said.