Stock Markets

Indian shares up more than 5 per cent after rate cut

Indian shares up more than 5 per cent after rate cutNew Delhi - India's benchmark Sensitive Index jumped 585 points Monday, buoyed by weekend interest rate cuts announced by the country's central bank.

The 30-share Sensex of the Bombay Stock Exchange closed at 10337.68, 5.62 per cent above its previous close.

The broader 50-share Nifty of the National Stock Exchange rose 5.48 per cent to 3,043.85.

Singapore market rebounds as investors snatch up bargains

Singapore market rebounds as investors snatch up bargainsSingapore - Singapore stocks rose 4.99 per cent Monday as investors went bargain hunting, but analysts warned of continuing volatility ahead.

The Straits Times Index rose 89.55 points to 1,883.75.

Gainers outnumbered losers by 422 to 125, and volume was high with 1.64 billion shares traded.

The market is recovering from oversold positions, said Stephanie Wong, head of research at Kim Eng Securities Pte Ltd in Singapore.

Thai shares jump 7.84 per cent in tandem with region's bourses

Thai shares jump 7.84 per cent in tandem with region's boursesBangkok - Thai shares jumped 7.84 per cent Monday on good news for banks and energy stocks and the avoidance of political violence in Bangkok over the weekend.

The Stock Exchange of Thailand (SET) index ended at 449.19, up 32.66 points, on modest trade amounting to 17 billion baht (494 million dollars).

"Thai stocks were following other markets today," said Phuwadon Larpudomsuk, an analyst at Asia Plus Securities.

Singapore Exchange seeks more listings from China with agreement

Singapore - Singapore Exchange Ltd on Monday signed an agreement with the government of China's south-eastern coastal province of Fujian to promote the listing of Fujian companies on the Singapore market.

Twenty-one Fujian firms with a total market capitalization of 4.2 billion Singapore dollars (2.86 billion US dollars) are already listed on the Singapore Exchange.

Fujian's Development and Reform Commission Office agreed to provide guidance to companies that wish to list in Singapore and facilitate regulatory checks and approvals from Chinese authorities, the exchange said.

Hong Kong shares up 2.6 per cent as China stocks rally

Hong Kong shares up 2.6 per cent as China stocks rally

Shares gain 1.4 per cent in Seoul

Shares gain 1.4 per cent in SeoulSeoul - Shares surged 1.4 per cent Monday on the Seoul stock exchange as a recent currency swap between South Korea's central bank and the US Federeal Reserve as well as new stimulus measures for the local economy boosted investor sentiment. South Korea's currency surged against the dollar.

The benchmark Kospi index rose 16.02 points to close at 1,129.08.

Advancing issues outpaced decliners 660 to 192.

The main index of the technology-heavy Kosdaq market rose 17.53 points to 325.56.

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