Stock Markets

All eyes on bank stocks in Baltic bourses

All eyes on bank stocks in Baltic boursesRiga - The general slide in Baltic stock prices continued Monday with the Baltic Benchmark Index (BBI), which includes data from the three exchanges in Tallinn, Riga and Vilnius, closing 1.91 per cent down at 279.61.

The NASDAQ OMX Tallinn exchange in Estonia was down 2.83 per cent, the Vilnius exchange in Lithuania was down 1.29 per cent and the Riga exchange in Latvia unexpectedly managed to scrabble into positive territory with a 1.17 per cent rise.

The biggest loser of the day was Lithuanian agriculture giant Agrowill, down more than 12 per cent.

Asian stocks rally after China announces stimulus package

Tokyo - Asian stock markets staged strong rallies Monday, with Japan's key Nikkei 225 Stock Average closing above the 9,000-point threshold, following the announcement of an economic stimulus packa

Shanghai shares jump 7 per cent on economic package

Shanghai shares jump 7 per cent on economic package Beijing  - Shares on China's main stock market jumped by more than 7 per cent on Monday after the government announced a major package of measures to stimulate domestic demand and buffer the economy against the effects of the global financial crisis.

The key Shanghai Composite Index, which measures shares traded in local and foreign currencies, gained 127.09 points, or 7.27 per cent, to end the day at 1,874.80 points.

Hong Kong shares rise 3.5 per cent on China rescue deal

Hong Kong shares rise 3.5 per cent on China rescue dealHong Kong  - Hong Kong stocks rose by 3.52 per cent Monday as investors reacted positively to a 600 billion-US-dollar economic stimulus package for the Chinese economy announced by Beijing.

The blue-chip Hang Seng Index consolidated a 3 per cent rise in share prices on Friday with a 501.2-point rise to close the day at 14,744.63.

In early trading, the market soared by 5.5 per cent to break through the 15,000-point barrier before falling back later in the day. Turnover was 60.7 billion Hong Kong dollars (7.83 billion US dollars).

Shares rise in Seoul

Shares rise in SeoulSeoul  - Shares soared Monday on the Seoul stock exchange led

Indian equities gain over 3 per cent trailing Asian market cues

Indian equities gain over 3 per cent trailing Asian market cuesNew Delhi  - Indian equity indices rose by over 3 per cent in early trading Monday, trailing a rally in Asian markets after China announced a stimulus package of 586 billion dollars to spur its economy in the wake of the global slowdown.

The Bombay Stock Exchange's 30-share sensitive index Sensex was trading at 10,298.45 around noon, about 3.35 above its previous close.

The broader 50-share S&P CNX Nifty of the National Stock Exchange was hovering around 3,076.75 about 3.49 above Friday's close.

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