Manila - Philippine share prices rose 2.05 per cent for the second straight day Tuesday on hopes that a US plan to rid banks of toxic assets would put financial markets on the road to recovery.
The Philippine Stock Exchange's 30-share composite index gained 38.60 points to close at 1,917.69, from Monday's finish of 1,879.09.
A total of 2.633 billion shares worth 3.636 billion pesos (75 million dollars) were traded.
Gainers swamped losers 76 to 16, while 47 issues were unchanged.
Tokyo - Tokyo stocks on Tuesday continued their upwards trend from the beginning of the week, pushed up by plans of the US Treasury to remove toxic assets from banks.
The benchmark Nikkei 225 Stock Average climbed by 2.07 per cent, or 170.35 points to 8,385.88 by mid-trading.
The broader Topix index of all first-section issues added 14.74 points, or 1.86 per cent, to 806.3.
On currency markets at midday (0000 GMT), the dollar was stronger at 97.10-15 yen, after trading at 95.97-96.00 yen late Monday in New York.
New York - US stocks staged the biggest rally since November after the US government unveiled the details of a long-awaited plan to take toxic mortgage assets off the balance sheets of US banks.
Treasury Secretary Timothy Geithner put forward a 1-trillion- dollar public-private partnership that the administration hopes will go a long way to stabilize the crumbling US financial system.
The Dow Jones Industrial Average posted its fifth-largest points gain in history, and US financial firms gained 18 per cent on the announcement.
Taipei - Taiwan stocks rose 3.28 per cent Monday to a five-month closing high, bolstered by the technology sector, dealers said.
The main TAIEX share index opened higher and continued its upward trend to close at 5,124.18 points, up 162.56 points, or 3.28 per cent from Friday's trade, a closing level not seen since October 15.
Fuelled by expectation of more export orders for Taiwan Semiconductor Manufacturing Corp and United Microelectronics Corp, two of the world's leading contract chip makers, the technology sub-index rose sharply higher, dealers said.
Manila - Philippine share prices rose 2.05 per cent for the second straight day Tuesday on hopes that a US plan to rid banks of toxic assets would put financial markets on the road to recovery.
Tokyo - Tokyo stocks on Tuesday continued their upwards trend from the beginning of the week, pushed up by plans of the US Treasury to remove toxic assets from banks.
New York - US stocks staged the biggest rally since November after the US government unveiled the details of a long-awaited plan to take toxic mortgage assets off the balance sheets of US banks.
Taipei - Taiwan stocks rose 3.28 per cent Monday to a five-month closing high, bolstered by the technology sector, dealers said.
Seoul - Shares climbed 2.4 per cent
Sydney - Australian stocks advanced strongl
