Sydney - Australian stocks shifted into reverse late Monday after getting an initial bounce from the long-awaited US bail-out package.
The ASX 200 slipped 97 points, or 2 per cent, to close at 4,807.
Initial enthusiasm evaporated as analysts digested the terms of a package that may cost US taxpayers 700 billion US dollars. The details of the package appeared to sap confidence.
Bangkok - Thai shares shed 2.86 per cent of their value on Monday as investors remained uncertain about the global outlook despite the US's proposed
700-billion-dollar bailout.
New Delhi - Indian equities extended their losses from last week as the benchmark Sensex fell more than 3 per cent Monday, tracking weakness in global markets despite an agreement on a 700-billion-dollar bailout plan for US financial institutions.
The 30-share-sensitive index fell below 13,000 and was trading at 12,657.76 at 12:30 pm (0700 GMT), down 444.42 points, or 3.39 per cent.
Similarly, the broader S&P CNX Nifty of the National Stock Exchange was trading at 3,863 for a midday loss of 3.07 per cent.
Hong Kong - Hong Kong officials Monday welcomed the bailout deal for the US economy but questioned whether the 700 billion US dollars in the package will be enough to revive global money markets.
Hong Kong's financial secretary John Tsang said he hoped the rescue package could be implemented quickly so that it would stabilize not only the US economy but the global financial system.
Hong Kong Monetary Authority chief executive Joseph Yam said the plan would reduce the danger of further failures of financial institutions in the US.
Sydney - The 700-billion-US-dollar bailout package being thrashed out in the US Congress is more likely to reinforce rather than curb the risky financial dealings of investment bankers, Australia's stock exchange head said Sunday.
Maurice Newman, the chairman of the Australian Securities Exchange (ASX), warned that the government paying top-dollar for worthless assets would worsen the predicament of Wall Street.
"The moral hazards which are being created in the United States right now - the idea that more oversight, more regulation, the automatic default whenever there's a problem will get you out of trouble - will only make the problem worse," Newman told local television.
Sydney - Australian stocks shifted into reverse late Monday after getting an initial bounce from the long-awaited US bail-out package. 
New Delhi - Indian equities extended their losses from last week as the benchmark Sensex fell more than 3 per cent Monday, tracking weakness in global markets despite an agreement on a 700-billion-dollar bailout plan for US financial institutions.
Hong Kong - Hong Kong officials Monday welcomed the bailout deal for the US economy but questioned whether the 700 billion US dollars in the package will be enough to revive global money markets.
