Seoul - Shares continued their rebound Friday on the Seoul stock exchange, tracking overnight gains in the US market, after suffering heavy losses earlier this week.
However, South Korea's currency, the won, fell again, after it posted its largest gain versus the dollar in a decade Thursday on a currency swap deal between the country's central bank and the US Federal Reserve.
The benchmark Kospi index soared 28.34 points, or 2.6 per cent, to close at 1,113.06.
Tokyo - Japan's benchmark Nikkei 225 Stock Average plunged 5 per cent Friday and fell below 9,000 despite the Bank of Japan's announcement of an interest-rate cut as investors turned bearish over lowered corporate earnings forecasts.
The Nikkei index dropped 452.78 points to close at 8,576.98.
The broader Topix index of all first-section issues also fell 32.25 points, or 3.59 per cent, to 867.12.
Taipei - Taiwan stocks rose nearly 4 per cent Friday on an overnight rally on Wall Street and in expectation of expanded Taiwan-China exchanges.
The Taiex index soared 187.02 points, or 3.99 per cent, to close at 4,870.6.
Analysts attributed the surge not only to Thursday's rally on Wall Street, where the three major indices rose more than 2 per cent, but also to China's promise to ease restrictions on mainlanders visiting Taiwan.
Indian equities opened strongly on the back of positive global cues.
IT, FMCG and oil & gas stocks gained ground. BSE Midcap and Smallcap index rose more than 2% each.
The US Federal Reserve slashed bank rates by 50 basis points on Wednesday (Oct 29), and many other central banking institutions are likely to follow suit sooner than later.
The inflationary figures declined to 10.68% for the week ended October 18, as compared with 11.07 per cent for the previous week. The annual rate of inflation was 3.11 per cent in the corresponding period a year ago.