Business | Markets
Most Asian stock markets recover after last week's slump
Most Asian stock markets recovered in early trading on Monday after days of low trading last week.
- Agencies
- Published: 09:18 October 13, 2008
- The region's markets showed signs of life on Monday, a day after European nations agreed to temporarily guarantee bank refinancing.
- Image Credit: Gulf News Archive
Hong Kong: Most Asian stock markets recovered in early trading on Monday after days of low trading last week.
Benchmarks in Singapore, South Korea and New Zealand gained more than 1 per cent, while China and Taiwan stocks traded lower.
Singapore and the Philippines both saw shares rally, with Singapore stocks 1.75 per cent higher early on, while Philippine share prices rose 2.2 per cent at the opening.
Hong Kong share prices ended up at 3.2 per cent on Monday. Japan's market was closed for a public holiday.
The region's markets showed signs of life after European nations agreed on Sunday to temporarily guarantee bank refinancing and provide fresh capital to distressed banks.
It is part of coordinated, international efforts to deal with the global financial crisis.
Share this article
Related Articles
-
Dubai, Abu Dhabi bourses slump
UAE markets continue to slide despite good valuations
-
Bears likely to tighten grip on India share prices
Bears likely to tighten grip on India share prices
-
US plans $7tr guarantee for all bank savings deposits
US plans $7tr guarantee for all bank savings deposits
More from Markets
More from Business
Popular in Business
-
XPRESS
Way to go this DSF
A fun-filled route to guide you to all the happening dos in town
Business Editor's choice
-
Shaikh Mohammad reaffirms UAE unity
Vice-President quashes talk of discord and reassures investors on the strength of Dubai's economy
-
Pizzazz on the palm: A Nikki Bisiker project
Bright, bold and ultra glam are the top notes of this apartment in The Palm Jumeirah's beautiful marina
-
flydubai starts service to Sudanese capital
Dubai's first low cost airline, celebrated its eighth inaugural flight in less than six months
