By Lee Su Shyan , Assistant Money Editor

WORLD markets roared back to life yesterday after a series of rescue plans announced by European governments gave fresh confidence to investors that the crisis may finally be turning around.

Markets flashed the thumbs-up to the measures which included offering banks more capital and guaranteeing borrowing so that choked-up credit markets could start flowing again.

Asian markets saw historic rises. Singapore's Straits Times Index was up 6.57 per cent while Hong Kong surged 10.24 per cent.

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