(28 Sep 2011) SHOT LIST:
1. Wide of Hong Kong Stock Exchange trading floor
2. Mid of electronic share price display screen
3. Mid of trader at desk
4. Close of electronic ticker tape display in first half hour of trading showing Hang Seng Index down
5. SOUNDBITE (English) Francis Lun, Managing Director, Lyncean Holdings
"Confidence is returning to the market, because the market has been so down, for so long, the bear market lasted about five months already, these shares, the valuation is very, very cheap, and investors are doing bargain-hunting and bottom-fishing, so I think the market will rebound from now on."
6. Wide pan of Hong Kong Stock Exchange trading floor
7. Wide of exterior of a local securities company
8. Close of Taiwan''''s Stock Exchange index numbers on display
9. Close of Turnover number
10. Wide of screen showing stock market index inside securities company
11. Close of screen showing a graph and an index number
12. Mid of stock index tickers.
Seoul, South Korea
13. Pan right from Kospi point on stock board in Korea Exchange (KRX) to computer screens with Kospi and exchange rate
14. Close of Kospi point
15. Mid of Kospi on stock board
16. Close of ticker board
17. Mid of monitor with various rates
18. Close pan right of various Kospi rates
19. Zoom out from Kospi point on stock board to computer screen showing Kospi and exchange rate
20. Wide of electronic board and trading floor
21. Mid of Tokyo Stock Exchange traders
22. Mid of Nikkei index
23. Wide of trading floor
24. Mid of traders and Topix logo
25. Wide of Tokyo Stock Exchange
Asian stock markets were mostly higher Wednesday as European leaders inched toward containing a debt crisis that threatens to derail global economic growth.
Japan''''s Nikkei 225 index rose 0.2 percent to 8,625.40. Australia''''s S&P/ASX 200 was 1.1 percent higher at 4,048. South Korea''''s Kospi gained 0.3 percent to 1,740.82.
But Hong Kong''''s Hang Seng sank 0.8 percent to 17,982.47.
However, Hong Kong investment analyst Francis Lun said "confidence is returning to the market", citing Tuesday''''s positive reaction to the latest European attempts to grapple with Greece''''s debt crisis.
Lun said that Wednesday''''s drop is due to profit-taking after Tuesday''''s rally.
Share prices remain low, he pointed out, and investors are in the market searching for bargains.
Taiwan Stock Exchange''''s main index opened higher from its previous close, moving up 57.22 points at 7,147.17 during first half an hour of the trade.
Energy and mining stocks rose as fears dissipated of a financial blowup in Europe, which could drag down economic growth across the globe and reduce demand for raw materials such as crude oil and
Japanese energy explorer Inpex Corporation rose 1.4 percent, while Hong Kong-listed shares of PetroChina, the country''''s biggest oil and gas company, gained 1.7 percent. Newcrest Mining Ltd., Australia''''s largest gold miner, jumped 3.2 percent.
Investment sentiment was boosted late Tuesday, when Greek lawmakers passed a controversial property tax one of a host of painful debt-reduction measures it must undertake in exchange for rescue loans.
The country will go bankrupt unless it receives an 8 (b) billion euros (11 (b) billion US dollars) rescue loan before mid-October.
A default by Greece could ripple across the globe, threatening the solvency of European banks and other financial institutions that have large holdings of the country''''s bonds.
Another encouraging sign of Europe''''s commitment to Athens came from German Chancellor Angela Merkel, who said her country would do whatever it could to help the debt-riddled Greece.
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