Join Trevor Yeung of City Index (http://www.cityindex.co.uk/) as he brings you the latest news from the trading floor on Tuesday 23rd August 2011. Today's headlines include:

- Hong Kong shares gained for a second session as oil stocks surged on higher crude prices with the Hang Seng finishing up 2%.

- The FTSE 100 was up around 1.8% this morning as investors took advantage of recent falls.

- German investor confidence fell to the lowest in more than 2 1/2 years on concern Europe's debt crises will curb growth. A four-week retreat in equities has wiped more than $8 trillion off global stock values, with the German DAX plunging almost 25%.

- In addition, concerns about a renewed global slump have resurfaced dampening export demand, as growth slows in Europe, U.S. and Asia.

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