| Asian stock markets have
staged a major rebound after
trading well down for most of
the morning following a second
straight day of heavy selling
on Wall Street. Share prices in
Hong Kong closed the morning
session 4.5% higher. The Hang
Seng Index was at 12,851 - a
rise of over 550 points on the
day and nearly a 1,000 points
above the morning low. Japan's
Nikkei was up 0.5%. Mainland
shares, however, were down
more than 4%. Earlier, the Dow
sank to a new five and a
half year low, losing over 5%,
to end at 7,552. Wall Street
tumbled after US lawmakers put-off a vote on a bailout of
America's car industry. |
