Mumbai, India • World stock markets mostly rose on Wednesday, led by a surge in Chinese stocks, but gains were capped by caution over earnings, with IBM disappointing expectations.
The Shanghai Composite jumped 2.2 percent to 2,147.14 after the central bank promised to provide extra liquidity to the financial system to offset concerns over a slowdown in growth.
"The major bourses are in for a firmer start as they ride the momentum from Asian trade," strategist Stan Shamu of IG Markets said in a report.
Technology stocks were weighed down, however, after IBM reported lower-than-expected revenue in the fourth quarter. Its shares fell 3.8 percent.