WRAP Markets rebound, Nikkei closes 6.41 percent higher ADDS HKong closing
(28 Oct 2008) Tokyo, Japan 1. Screen showing the closure of Tokyo Stock Exchange 2. Various of screens showing Topix index +459.02 3. Wide of moving graphics pan to Stock Exchange 4. Various of traders 5. Tilt down to reveal Tokyo's Topix desk 6. Traders at Tokyo's Stock Exchange looking at monitors Hong Kong 7. Wide of electronic board 8. Mid of Hang Seng Index showing increases 9. Close-up of Hang Seng Index closing at 10,596.29 points 11. Various of dealers 12. Pan of trading floor Hong Kong 13. SOUNDBITE (English) Francis Lun, General Manager of Fulbright Securities: "September, new home sales rose I think unexpectedly. I think that is the first time that we see some indication that the US economy might be stabilising, so there might be some hope that the market's relentless decline will stop, and the Hong Kong market can stabilise at a certain level, so right now it's the 11-thousand level, but I think it will fall a little bit further to the 10-thousand level." Seoul, South Korea 14. Pan right from computer monitors to stock board 15. Close of a computer screen showing KOSPI graph 16. Mid of KOSPI stock board 17. Close of KOSPI index in the morning 18. Wide of Rommel Lee, Good Morning Shinhan Securities Retail Research Manager 19. SOUNDBITE (Korean) Rommel Lee, Good Morning Shinhan Securities Retail Research Manager: "The crisis led by developed countries, including the US, seems to be ending but the crisis of emerging countries, including Asian nations, has started. So it is thoughtless to expect the bottom until we judge that the crisis has been contained." 20. Mid of people working at the Korean Exchange 21. Pan right of interior of Korean Exchange Beijing, China 22. Wide interior of stock trading boards 23. Various of investors watching electronic boards Taipei, Taiwan 24. Mid of investors looking at monitors at Taiwanese trading firm 25. Close-up of investor at desk 26. Mid of desk staff staff 27. Close-up monitor showing Taiwan Weighted Price Index 28. Close-up figure reading 4222.71 points, dropping 144.16 points or 3.30 percent 29. Close-up chart showing trading performance in the morning 30. Wide exterior of screen at bank showing Taiwan Weighted Price Index Manila, Philippines 31. Wide of Philippine stock market trading floor 32. Mid of trading board 33. Gallery for traders or small investors 34. Various of traders looking at computer screen trading 35. Mid of traders on the floor 36. Mid of stock exchange employee ringing bell to end trading STORYLINE: Most Asian stock markets rebounded on Tuesday after several days of steep declines as investors snapped up beaten down shares such as Honda and Samsung. Japan's benchmark Nikkei 225 index jumped 6.4 percent after early falling to fresh 26-year lows. A weaker yen against the dollar encouraged traders to buy exporters like Toyota, whose overseas earnings are eroded by a strong yen. The dollar, which had fallen to a 13-year low against the yen on Friday, rose to 95.00 yen from 93.01 yen in late New York trading. Hong Kong's benchmark stock index has rebounded 14.4 percent after plunging 12.7 percent the previous day. The Hang Seng index surged 1,580.45 points to 12,596.29 on Tuesday. Investors bought shares in major banks including HSBC Holdings and conglomerate Hutchison Whampoa which had tumbled in recent days. South Korea's Kospi also recovered after falling earlier, jumping 5.6 percent to close at 999.16. Data showed that foreigners, who have been dumping shares at a record pace this year, remained net sellers on Tuesday. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: / ap_archive Facebook: / aparchives Instagram: / apnews You can license this story through AP Archive: http://www.aparchive.com/metadata/you...
