| Japan's Nintendo, which gets two-thirds of sales abroad, led declines among exporters after the dollar slumped against the yen. PetroChina and Woodside Petroleum fell after the price of crude oil dropped. |
| HSBC slumped 2.8 per cent after the Daily Telegraph newspaper said it may announce $1 billion of bad debts and Morgan Stanley cut its rating. |
| "Investors have to reevaluate what shares are worth as the US starts pulling down economies globally," said Takashi Kamiya, who helps oversee $16 billion at T&D Asset Management in Tokyo. "The continued weakness of the dollar is going to cause substantial damage to exporters' earnings." |
| The Morgan Stanley Capital International Asia Pacific Index fell 2.9 per cent to 158.11 as of 7:03 pm in Tokyo, set for its biggest loss since August 17 and the lowest close since September 24. Benchmarks slid in the region, except for Pakistan and Sri Lanka. |
| Hong Kong's Hang Seng Index led losses after Credit Suisse Group said China will "delay" a plan to allow mainland citizens to buy the city's shares. |
| EUROPE European stocks rose for the first time in four days, led by banks, on speculation that their biggest selloff since 2002 was overdone. |
| Barclays rallied after CEO John Varley late last week said the bank's silence on rumours of losses indicated they were false. |
| Northern Rock gained as Olivant Advisers said it may buy a stake in the UK lender. The Rio Tinto Group climbed after Lehman Brothers Holdings raised its price estimate for the shares by more than 20 per cent. |
| The Dow Jones Stoxx 600 Index added 0.3 per cent to 368.64 at 10:30 am in London. Banking stocks, Europe's worst performers this year, snapped a seven-day rout. |
| US US stock-index futures advanced on speculation that last week's decline in banking stocks could have been excessive. |
| Citigroup gained in Europe after the three largest US banks agreed on the structure of an $80 billion fund to unfreeze the short-term debt market, according to a person familiar with the talks. Intel climbed as the world's largest chipmaker starts selling new processors. Ford Motor also increased. |
| Standard & Poor's 500 Index futures expiring in December added 3.8 points to 1,458.90 as of 10:30 am in London. Dow Jones Industrial Average futures climbed 38 points to 13,085. Nasdaq-100 Index futures advanced 5.25 points to 2,047. |
| US stocks fell to the lowest in two months last week after banks reported mounting losses from bad home loans and Cisco Systems said corporate spending on computer equipment may falter. |
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