New Delhi - Indian equities gained 6 per cent and were trading strong Monday as Finance Minister P Chidambaram insisted fundamentals of the Indian economy were strong.

"This is a time of uncertainty. Yet in a time of uncertainty, some facts cannot and ought not to be ignored," Chidambaram told a press conference, where he noted the Indian economy continued to grow at a satisfactory pace.

Frankfurt - German shares surged as trading began Monday in a positive market response to the massive bail-out measures agreed at the weekend by European leaders.

The DAX-30 index jumped almost 5.4 per cent in the opening minutes to 4,788.74 points. The MDAX of medium-sized companies gained 8.46 per cent to 5,776.17 points, and the TecDAX list of technology shares gained 8.75 per cent to 561.95 points in the opening minutes.

Frankfurt - European stocks rebounded s

Taipei - Taiwan stocks fell more than 2 per cent Monday despite government measures to stabilize the stock market amid global jitters.

The TAIEX index plunged more than 3 per cent in mid-session trading but closed at 5,020.44, down 110.27 points or 2.15 per cent from the last trading day.

The plunge occurred despite the Taiwan government's announcement of three measures to shore up the stock market.

The new measures including limiting stocks' rise or fall to 3.5 per cent, down form the previous 7 per cent in any trading session, extending the ban on short-selling and continuing to use the National Stabilization Fund to continue to intervene in the market.

Sydney - Australian stocks maintained their opening-bell rally to the close of trading Monday as investors picked up bargain-basement financials following Canberra's weekend decision to join other governments in guaranteeing bank deposits.

The ASX 200 gained 220 points, or 5.5 per cent, to 4,180.

High Street banks were in demand, with National Australia Bank and ANZ registering gains of almost 10 per cent.

Commsec economist Craig James said that bargain hunting would buoy the market following Friday's 8.3-per-cent crash, the biggest drop since 1987.