Sydney - Australia's securities regulator Sunday joined the United States, Britain, Germany, France and Switzerland in curbing the short-selling of shares.
In a short sale, a trader sells borrowed stock, hoping to make a profit by buying it back at a cheaper price.
Many argue that short-selling is behind the turmoil in global share markets. They claim hedge funds are deliberately driving down the price of shares in order to make windfall profits when they buy them back.
Last week the Australian Securities and Investments Commission (ASIC) ruled that from Monday a temporary ban on what's called naked short-selling would take effect. In naked short-selling, traders sell shares they don't actually own.
Manila - Philippine shares climbed by 2.32 per cent on Monday, buoyed by news about the United States government's ambitious plan to revive its ailing financial system.
Tokyo - Stocks opened higher Monday in Tokyo as the market sentiment was cheered by the US government's 700-billion-dollar bailout plan to clean up bad assets.
Sydney - Australian shares l
Washington - The US Federal Reserve Board late Sunday agreed to applications by investment banks Morgan Stanley and Goldman Sachs to become bank holding companies.
market, following the crises at Lehman Brothers and Merrill Lynch shook the Indian bourses too during the week resulting in the benchmark Sensex to fall down. 
