Yesterday, the Hong Kong market crashed sharply for the second consecutive day. Five American and European central banks pumped liquidity into the market to ease the liquidity crisis. Investors were not convinced that the credit crisis was over.

The Bombay Stock Exchange benchmark Sensex went up by 122 points in early trade on sustained buying by funds in heavy-weight stocks, despite weak global trend.

Yesterday, the Hong Kong market surged on the strength of local properties. The market expected interest rate cut. Investors chased property stocks. Sun Hung Kai Properties, Henderson Land, Swire Pacific and Sino Land rose strongly to pace the blue chips.

Asian and Pacific markets traded higher with a confidence after the announcement of the government of United States that plans to limit subprime related losses.

Tracking firm global trend, the Bombay Stock Exchange benchmark Sensex opened 247 points higher in early trade on emergence of buying by funds in heavy-weight stocks.

Stock market benchmark Sensex fell 385 points on Monday on profit booking by funds in heavy weight scrips of banking, capital goods and refinery sectors, the 30-share index touched the day's low of 19,502.45 and a high of 20,009.35 points.

Asian markets rose Monday, buoyed by Wall Street's rally on Friday and because a weak U.S. dollar propelled investors into regional markets. Hong Kong, India , Indonesia , Malaysia , South Korea and other regional bourses hit record closes. New Zealand was the only market to post a loss.

As part of the company's continuing worldwide expansion and growth, Network Appliance, Inc. (NASDAQ: NTAP) today announced its strengthened commitment to the Asia Pacific (APAC) region with the inauguration of a new Technical Support Center (TSC) in Dalian, China, and by opening new manufacturing and logistics centers in Shanghai and Singapore, respectively.

Gold rose in Asia, nearing a 16-month high, as the US dollar traded within half a cent of its record low against the euro, boosting the appeal of the precious metal as an alternative investment.

Trolltech®, the company that makes software faster to build and easier to use, is solidifying its role as a mobile Linux pioneer by co-hosting the “Linux Mobile Communications Conference: From Asia to Globalization. This exclusive conference, organized by the China Academy of Telecommunications Research (CATR) and the Ministry of Information Industry (MII), opens today in Beijing with the full support of Trolltech.

Xyratex Ltd., a leading provider of enterprise class data storage subsystems and storage process technology, today announced an OEM agreement with Chinese storage technology provider StorSky, expanding Xyratex’s growing foothold in the Asian market.

World oil prices fell in Asian trade in a market fretting over underlying credit worries in the US, New York's main oil futures contract, light sweet crude for delivery in October, was 29 cents lower at 70.80 dollars per barrel.