Tokyo - Stocks in Tokyo surged in Monday morning trading on speculation that US automakers would receive a government bail-out and on the rise of the dollar against the yen.
The developments outweighed the biggest drop in business confidence among Japan's largest manufacturers in 34 years because analysts said the drop was expected and the market had already factored it in.
The benchmark Nikkei 225 Stock Average gained 390.13 points, or 4.74 per cent, to trade at 8,626.
The Securities and Exchange Board of India (SEBI) is thinking of further tightening the norms related to Fixed Maturity Plans (FMPs). The Mutual Fund Advisory committee of SEBI discussed the matter on Friday, to amend norms of asset-liability. The board discussed the compulsory alignment of portfolio with scheme tenure, accountability of trustees and segregation of funds for corporate and retail investors. The regulator has the opinion that amendment in norms is necessary in the wake of the ongoing recessionary waves. However, investors can lose interest in case of further tightening of norms. Investors believe that tax advantage can make FMPs more profitable.
The Sensex bounced back and was trading off from day’s low this afternoon.
Buying and selling was witnessed in some of the select stocks. IT, metal, banking, power and realty stocks led the declining charts.
BSE Midcap gained 0.43% and 1.04% respectively.
Among the sectoral indices, BSE IT index hit badly after plunging 3.84% followed by Metal, which declined 2.49%, Power and Bankex lost more than 2% each.
The 30-share index, BSE Sensex, today (Dec 12), belled the day with a loss of 274.59 points, at 9,370.87.
Tokyo - Asian stocks fell sharply Friday on news of the collapse of a bailout plan for the US car industry and gloom over the effects of the US financial slump on Asian exporters.
In Japan, stocks dropped 5.56 per cent, ending a week of moderate gains.
The news of the US Senate's rejection of the latest car industry bail-out also led to the highest drop in the dollar against the yen for 13 years, dealing a further blow to Japanese exporters.
Frankfurt - European shares opened sharply down Friday after the failure of the US car industry bail-out sent stocks tumbling in Asia.
With shares in major European bourses falling in early trading, Europe's blue-chip Stoxx 50 opened down more than 4 per cent at 2,379.99 points.
This followed a 2.8-per-cent fall in shares in Europe's leading market in London and a more dramatic 3.8-per-cent slump in Frankfurt, where the failure of the rescue plan for the crisis-hit US car industry sparked big falls in key German car stocks.
Hong Kong - Hong Kong stocks fell almost 5.5 per cent Friday as markets across the Asian region reacted to the collapse of a US car industry bail-out plan.
Hong Kong-listed Chinese shares led the declines with losses approaching 7 per cent, spurred by disappointment over the lack of further stimulus measures from Beijing at a key annual economic conference that ended Wednesday.
The blue-chip Hang Seng Index closed down 855.51 points, or 5.48 per cent, at 14,758.39. Turnover was 58.7 billion Hong Kong dollars (7.57 billion US dollars).
Tokyo - Stocks in Tokyo surged in Monday morning trading on speculation that US automakers would receive a government bail-out and on the rise of the dollar against the yen.
The Sensex bounced back and was trading off from day’s low this afternoon. 
Tokyo - Asian stocks fell sharply Friday on news of the collapse of a bailout plan for the US car industry and gloom over the effects of the US financial slump on Asian exporters.
Frankfurt - European shares opened sharply down Friday after the failure of the US car industry bail-out sent stocks tumbling in Asia.
Hong Kong - Hong Kong stocks fell almost 5.5 per cent Friday as markets across the Asian region reacted to the collapse of a US car industry bail-out plan.
