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World stock prices are surging following major gains on Wall Street Tuesday and new injections of cash in some major global financial markets. European markets are making strong gains in Wednesday's trading, with most of the major markets up one percent or more by midday.
Major stock indexes in Japan, Hong Kong and Taipei all closed higher Wednesday, along with markets in Manila, Sydney, Taipei and Wellington. On Tuesday, the Fed -- acting in coordination with the central banks in Canada and Europe offered 200 billion dollars to banks and mortgage providers and said it could increase the size of the program if needed.
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