Hong Kong - The benchmark Hang Seng index surged 8.66 per cent Monday to its highest level in seven weeks amid investor confidence of stimulus moves by China and the United States.
Turnover topped 63.87 billion Hong Kong dollars (8.19 billion dollars), following Friday's turnover of 37.3 billion Hong Kong dollars.
Indian Stock markets were trading positive at 2 pm IST with BSE Sensex higher by 200 points, backed by Capital Goods, Metals, PSU and Banking Stocks. NSE Nifty was up by 70 points at 2785. Among major gainers were Real Estate majors DLF and Unitech. Tata Steel gained further ground. The stock was trading 7.4% higher at 196.
Among losers were BPCL (down by 4.1%), HCL Tech (down by 1.35%) and M&M (down by 1.2%). Technology stocks were trading marginally lower. Satyam Computers and Infosys Technologies were marginally lower.
Indian ADRs ended positive on Monday. Tata Communications, Sterlite, Wipro, HDFC Bank and MTNL were among major gainers.
Indian Stock markets gained further ground at 1 pm. The markets were trading lower an hour back as some selling was witnessed at higher levels. All sectors were trading higher today. While selling at higher levels has caused markets to slide, but some select counters are still holding strong.
Taipei - Taiwan's stocks surged 4.57 per cent on Monday, bolstered by Wall Street's strong rally on Friday, dealers said.
The main Taiex index opened with a bang, tracking strong gains in Wall Street, as semiconductor and financial shares rose sharply. The upward trend continued all the way to the end of trading, with the local index soaring 193.26 points, or 4.57 per cent, to close at 4,418.33.