Stock Markets

Nikkei recovers to 9,000 level

Nikkei recovers to 9,000 levelTokyo - Tokyo stocks ended Tuesday trading higher with the benchmark Nikkei index rising above 9,000 level as the market confidence was regained on a series of economic stimulus packages and the Asian stock market's advance the previous day.

The Nikkei 225 Stock Average surged 537.62 points, or 6.27 per cent, to close at 9,114.6. The index had lost 5 per cent Friday. The Tokyo market was closed Monday for a national holiday.

The broader Topix index of all first-section issues also gained 43.58 points, or 5.02 per cent, to 910.7.

Australia cuts rates to give economy a lift

Australia cuts rates to give economy a lift Sydney - The Reserve Bank of Australia (RBA) on Tuesday cut interest rates by 0.75 per cent to 5.25 per cent in response to a raft of figures showing the economy slowing in the wake of the global financial crisis.

It was the RBA's third monthly cut in the rate it charges banks for borrowing, a reversal of a trend that had seen 12 consecutive rises in the cash rate since May 2002.

The further easing of monetary policy came despite inflation being above the RBA's 3-per-cent target. The central bank now sees a recession as more of a threat than inflation.

Nikkei soars more than 3 per cent

Nikkei soars more than 3 per centTokyo - Tokyo stocks ended morning trading higher Tuesday as investor confidence was regained on a series of economic stimulus packages and the Asian stock market's advance the previous day.

The benchmark Nikkei 225 Stock Average rose 320.89 points, or 3.74 per cent, to 8,897.87. The index had lost 5 per cent Friday. The Tokyo market was closed Monday for a national holiday.

The broader Topix index of all first-section issues gained 28.83 points, or 3.19 per cent, to 895.95.

Wall Street dips amid signs of stalling economy

Nikkei soars more than 3 per cent

Indian shares up more than 5 per cent after rate cut

Indian shares up more than 5 per cent after rate cutNew Delhi - India's benchmark Sensitive Index jumped 585 points Monday, buoyed by weekend interest rate cuts announced by the country's central bank.

The 30-share Sensex of the Bombay Stock Exchange closed at 10337.68, 5.62 per cent above its previous close.

The broader 50-share Nifty of the National Stock Exchange rose 5.48 per cent to 3,043.85.

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