Global shares at highest levels since January 2008

One index of global equities has gone higher this morning as Asian markets swell. The announcement of Third Plenum reforms has seen the Hang Seng up over 2.7 per cent and Sensex up by more than 1.6 per cent.

MSCI's World index has climbed to 401.12 - it highest level since January 2008.

Mike van Dulken, head of research at Accendo Markets, says that the Asian markets are enjoying news of an easing of the one-child policy, and more private investment in state-controlled industries - all announced on Friday.

The MSCI World index is maintained by MSCI, and tracks stocks in 16 developed markets countries.

Japan's Nikkei did close down this morning however, an ambivalent drop of 0.01 per cent despite that general Asian euphoria.