When severely beaten-down markets get the slightest bit of good news, watch out. Shanghai soars...

|By:, SA News Editor

When severely beaten-down markets get the slightest bit of good news, watch out. Shanghai soars nearly 4%, first getting a pop from yesterday's big rally in the West, and then a jolt from Beijing's roll-out of major road building plans. Chatter grows about further action - possibly a reserve ratio cut - over the weekend. FXI +2.1% premarket.