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.
Sydney - Australian stocks maintained their opening-bell rally to the close of trading Monday as investors picked up bargain-basement financials following Canberra's weekend decision to join other governments in guaranteeing bank deposits.
The ASX 200 gained 220 points, or 5.5 per cent, to 4,180.
High Street banks were in demand, with National Australia Bank and ANZ registering gains of almost 10 per cent.
Commsec economist Craig James said that bargain hunting would buoy the market following Friday's 8.3-per-cent crash, the biggest drop since 1987.
The supportive words from the finance minister and central bank (RBI) and the strong movement in Asian and European stock markets keep the market high up in the positive territory this afternoon.
The stocks are trading strongly on the back of continued buying activity seen across sectors including banking, consumer goods, metal, power and realty.
Indian stock markets belled the day positively, after closing the last week at 10,527.85, down 800.51 points, on Friday (Oct 10).
Today, the 30-share index, BSE Sensex opened at 10,817.68 after gaining 289.83 points.
Frankfurt - European stocks rebounded s
Sydney - Australian stocks maintained their opening-bell rally to the close of trading Monday as investors picked up bargain-basement financials following Canberra's weekend decision to join other governments in guaranteeing bank deposits.
The New Zealand stock market - the first to open and close every day - finished down again Monday after rallying in nervous trading.
The supportive words from the finance minister and central bank (RBI) and the strong movement in Asian and European stock markets keep the market high up in the positive territory this afternoon.
