FINANCIAL NEWS - Tech sector lifts Asia stocks as bonds fall - Reuters FINANCIAL NEWS - Tech sector lifts Asia stocks as bonds fall - Reuters

Tuesday, February 3, 2009

FINANCIAL NEWS - Tech sector lifts Asia stocks as bonds fall - Reuters

HONG KONG (Reuters) - Asian stocks rose on Tuesday, helped by a tech sector rally and new measures by Japan and Australia to support their economies, but sentiment remained negative amid concerns about plunging company earnings. The stock market in STOCKMARKET NEWS >

European indexes gave up early gains Tuesday, as weak economic data offset Vodafone's strong earnings results. The pan-European Dow Jones Stoxx 600 Index slipped 0.5% to 185.44. London's FTSE 100 Index lost 0.6% to 4053.54. Frankfurt's DAX shed 0.8 in STOCKMARKET NEWS >

More on The Market Story Stocks to Fall as Government Gridlock Unnerves Investors Another Down Day Leaves the Dow at 8000 Dow Tests 8000 in Late-Afternoon Trading Stocks Drop in Light of Falling GDP Traders Play It Safe Ahead of GDP Report Indices in STOCKMARKET NEWS >

Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Neither in STOCKMARKET NEWS >

By Hideyuki Sano and Leika Kihara TOKYO, Feb 3 (Reuters) - The Bank of Japan pledged on Tuesday to buy $11 billion in stocks held by Japanese banks, saying their biggest risk was exposure to share markets and that the measure would help stabilise the in STOCKMARKET NEWS >

HONG KONG - Most Asian markets were higher Tuesday but trimmed early gains, as optimism over new stimulus measures in Japan and Australia gave way to concerns about the sputtering global economy. The Bank of Japan said it would buy some 1 trillion in STOCKMARKET NEWS >

LONDON, Feb 3 (Reuters) - World stocks and oil edged up on Tuesday as Japan and Australia stepped up efforts to boost ailing economies, while short-term euro zone yields fell on expectations for a euro zone interest rate cut next month. Australia in STOCKMARKET NEWS >

European markets fell Tuesday as investors continued to worry about the sputtering global economy despite governments' efforts to boost growth with increased spending. By noon in mainland Europe, Britain's FTSE 100 was down 0.57 percent at 4,054.54 in STOCKMARKET NEWS >

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