Washington  - US stocks plunged more than 5 per cent Monday after the US House of Representatives rejected a hotly debated 700- billion-dollar rescue plan for the US financial system.

Stocks were already sliding on the news of the collapse of the country's fourth-largest bank, Wachovia Corp, and banking giant Citigroup's intervention to buy up the bulk of its operations.

But investor uncertainty increased after the early afternoon vote in the House, which voted 228-205 against the bill. Republicans led the opposition, voting by 2-1.

Vienna  - Austria's lead stock index ATX dropped by 8.05 per cent Monday amid the global financial turmoil, the second biggest one-day drop in the history of the Vienna stock exchange.

Raiffeisen International Bank-Holding AG lost 13.64 per cent. Traders told Austrian news agency APA that investors sought to reduce positions associated with risks, such as Raiffeisen's involvement in Russia.

Mumbai, Sept 29 : Bombay Stock Exchange (BSE) provisionally fell 3.87 per cent on Monday as a spreading global financial crisis kept investors nervous, with top private sector lender ICICI Bank leading the losses.

During the day''s trading BSE was down more than five per cent, hitting its lowest in one and a half years.

The 30-share index provisionally closed 472.58 points down at 12,629.60, with all but three of its components falling.

The 50-issue National Stock Exchange (NSE) index provisionally lost 2.9 per cent to 3,869.65.

Hanoi - The Vietnamese stock market fell slightly Monday as local traders worried that new companies listing next month will dilute share prices and that new foreign investment will not be forthcoming. 

Despite news that the US government and congress had agreed on a bail-out plan for holders of mortgage-backed securities, the VN-Index ended Friday down 0.9 per cent, closing at 479. 

Market volume totaled 18.9 million shares, valued at 742 billion dong (46 million dollars). 

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.