Security and Exchange Board of India is closely watching the market conditions and would soon announce fresh steps for the stability of the stock market. It may restrict over-leveraged hedge funds to ensure smooth running of the stock market. SEBI chief, C B Bhave, who was speaking at the HT Leadership Summit expressed his views that Indian Stock markets will be among the first few to recover.

Manila - Philippine share prices soared 6.02 per cent Tuesday, tracking Wall Street's strong performance after a US government bailout of the banking giant Citigroup.

The 30-share composite index of the Philippine Stock Exchange gained 108.46 points to close at 1,908.18.

A total of 1.39 billion shares worth 1.9 billion pesos (38.15 million dollars) were traded. Gainers led losers 77 to 26, while 24 issues were unchanged.

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Taipei - The Taiwan stock market opened higher Tuesday in reaction to the Wall Street rally caused by president-elect Barack Obama's announcement of plans to rescue Citigroup.

By mid-morning the TAIEX index rose 108.73 points, or 2.61 per cent, to 4,269.27.

Tokyo  - Tokyo stocks ended morning trading higher Tuesday on Wall Street's overnight rises and a weaker yen, sending the key Nikkei 225 Stock Average up more than 4 per cent.

The Nikkei index jumped 335.29 points, or 4.24 per cent, to 8,246.08.

The broader Topix index of all first-section issues was also up 23.75 points, or 2.96 per cent, to 826.44.

Investors bought a wide range of issues Tuesday after a three-day holiday in Tokyo as the market sentiment was cheered by US markets' rises and a weaker yen.