Indian Stock Markets Closed After Terror Attacks

HONG KONG-Asian stocks rose Thursday after Wall Street posted another gain and China slashed interest rates by the most in a decade to boost economic growth. Indian markets were closed after deadly attacks in the country's financial capital.Investors cheered China's 1.08 percentage-point rate cut to spur private borrowing and support a multibillion-dollar stimulus package to keep the country's economy-a key engine of growth across Asia-from slowing too fast.In the U.S., there were signs the markets were stabilizing and investor confidence was returning as the Dow Jones industrials and Standard & Poor's 500 index posted their first four-day advance since last spring. The upswing came after President-elect Barack Obama pledged to have an economic plan to deal with the crisis on his first day in office."Overall investors are still cautious and waiting to see how things turn out, but there is definitely relief that the financial system is going to be supported by governments around the world," said D. Gorton, research analyst at Louis Capital Markets in Hong Kong.Japan's Nikkei 225 stock average added almost 2 percent to 8,373.39 points, while Hong Kong Kong's Hang Seng benchmark rose 1.6 percent to 13,583.72....
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As in the days of Noah....