Taipei - Taiwan s

New York - Wall Street delivered one its largest gains ever on Monday as a series of financial rescue plans around the world and efforts to boost liquidity heartened investors.

Stocks were up more than 11 per cent on the major US indices.

In its largest-ever point gain, the blue-chip Dow Jones Industrial Average surged 936.42 points, or 11.08 per cent, to 9,387.61.

Wellington - The New Zealand stock market - the first to open every day - jumped more than 6 per cent in the first hour of trading Tuesday after a spectacular recovery on Wall Street.

The benchmark NZX 50 index, which fell just under 1 per cent on Monday after slumping 4.7 per cent on Friday, rose 189 points to 2,971 in early dealing.

Analysts said that bargain-hunting investors had taken a lead from Wall Street, which posted its biggest-ever one-day gains.

Sydney - Australian stocks rocketed at the bell Tuesday in response to Wall Street registering its biggest one-day point gain on record.

In early trading, the ASX 200 gained 243 points, or 5.8 per cent, to 4,423.

The lift came ahead of an economic stimulus package expected to be worth 5 billion Australian dollars (3.5 billion US dollars).

The government is to draw down its 21-billion-Australian-dollar surplus to try to stave off a sharp slowdown in the domestic economy.