Stock Markets

Hong Kong shares surge 10 per cent on bank bail-out news

Hong Kong shares surge 10 per cent on bank bail-out newsHong Kong - Hong Kong shares surged by more than 10 per cent Monday as bank bail-out packages in Britain and Europe brought buyers rushing back into global markets.

The Hang Seng Index shot up by 1,515.29 points, or 10.24 per cent, to close the day at 16,312.16 points. Turnover as 72.58 billion Hong Kong dollars (9.35 billion US dollars).

The rebound came after Hong Kong shares plunged by more than 7 per cent Friday, dipping below the 15,000-point mark for the first time in three years.

Indian markets up 6 per cent as government assures investors

Indian markets up 6 per cent as government assures investorsNew Delhi - Indian equities gained 6 per cent and were trading strong Monday as Finance Minister P Chidambaram insisted fundamentals of the Indian economy were strong.

"This is a time of uncertainty. Yet in a time of uncertainty, some facts cannot and ought not to be ignored," Chidambaram told a press conference, where he noted the Indian economy continued to grow at a satisfactory pace.

German shares surge at Frankfurt opening

German shares surge at Frankfurt openingFrankfurt - German shares surged as trading began Monday in a positive market response to the massive bail-out measures agreed at the weekend by European leaders.

The DAX-30 index jumped almost 5.4 per cent in the opening minutes to 4,788.74 points. The MDAX of medium-sized companies gained 8.46 per cent to 5,776.17 points, and the TecDAX list of technology shares gained 8.75 per cent to 561.95 points in the opening minutes.

European shares rebound strongly

European shares rebound stronglyFrankfurt - European stocks rebounded s

Indian Stock Markets Strong; ICICI Bank, TCS and Satyam Gain

Taiwan stocks down by more than 2 per cent

Taipei - Taiwan stocks fell more than 2 per cent Monday despite government measures to stabilize the stock market amid global jitters.

The TAIEX index plunged more than 3 per cent in mid-session trading but closed at 5,020.44, down 110.27 points or 2.15 per cent from the last trading day.

The plunge occurred despite the Taiwan government's announcement of three measures to shore up the stock market.

The new measures including limiting stocks' rise or fall to 3.5 per cent, down form the previous 7 per cent in any trading session, extending the ban on short-selling and continuing to use the National Stabilization Fund to continue to intervene in the market.

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