Stock markets afternoon update - Follow up on yesterday's rebound

Markets in Asia today follow-up on yesterday's rebound after a strong rebound on the US Dow Jones Industrial Average. The Japanese market heads the list with a 13.6% increase or 1,122.9 points, the biggest one day increase ever for the Japanese market. The huge jump was because the Japan stock market was closed yesterday when markets rebounded.

Investors are gaining a little confidence by bargain hunting on stocks that are being quashed last week, especially finance-related stocks. The central banks are trying very hard to save the collapse of the financial industry by using public funds to bailout ailing financial giants.

Below are the performance of world market indices as at 12.50 p.m. local Malaysian time (+8.00GMT):


Indices quotes from NextVIEW Advisor

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