Stock Markets

Philippine stocks surge 6.02 per cent

Philippine stocks surge 6.02 per centManila - 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.

Australian stocks join Wall Street euphoria

Australian stocks join Wall Street euphoriaS

Taiwan stocks open higher on Wall Street rally

Taiwan stocks open higher on Wall Street rallyTaipei - 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 stocks end morning higher on Wall Street rises, weaker yen

Tokyo stocks end morning higher on Wall Street rises, weaker yen 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.

Hong Kong stocks open 4 per cent higher on global share rises

US stocks soar over Citigroup rescue plan, Obama economic team

Washington  - The US government's decision to rescue banking giant Citigroup and the announcement of president-elect Barack Obama's economic team sent stocks soaring Monday.

The Dow Jones Industrial Average and the broader Standard and Poor's 500 Index posted the biggest two-day rally since 1987. The Dow jumped 396.97 points, or 4.93 per cent, to 8,443.39. The S&P 500 rose 51.78, or 6.47 per cent, to 851.81. And the Nasdaq Composite Index climbed 87.67, or 6.33 per cent, to 1,472.02.

Citigroup, which lost more than 60 per cent of its value last week, bounced back 52 per cent Monday after the government agreed to give it 20 billion dollars from the

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