Stock Markets

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.

Nikkei rises above 9,000 on Wall Street rally, weaker yen

Nikkei rises above 9,000 on Wall Street rally, weaker yenTokyo  - Japan's key Nikkei 225 Stock Average Monday crossed the 9,000-point threshold, up more than 5 per cent thanks to a strong rally on Wall Street last week and the US dollar's advance against the yen.

The Nikkei index soared 498.43 points, or 5.81 per cent, to close at 9,081.43.

The broader Topix index of all first-section issues was also up 37.65 points, or 4.28 per cent, to 916.65.

Singapore proposes integrated Asian stock market

Singapore proposes integrated Asian stock marketSingapore  - The Singapore Exchange (SGX) has proposed the creation of an integrated Asian stock market, its chief executive officer Hsieh Fu Hua said Monday.

He called on the ASEAN Exchanges and Central Securities Depositories (CSDs) to forge links that can be extended to the entire Asia-Pacific region.

"These multilateral gateways in trading, clearing and settlement will then help us create a single and more significant Asian marketplace," he said at the 12th general meeting of the Asia-Pacific Central Securities Depository Group in Singapore.

Hong Kong shares surge more than 5 per cent in early trading

Hong Kong shares surge more than 5 per cent in early tradingHong Kong  - Hong Kong shares shot up by more than 5 per cent to break through the 15,000 point barrier in early trading Monday.

The blue-chip Hang Seng Index rose by 762.86 points, or 5.36 per cent, to 15,006.29 in the first 45 minutes of trading of the week.

The early gains consolidated a 3 per cent rise in share prices Friday in response to a cut in local interest rates aimed at freeing up capital.

Pages