DAVID HAFFENREFFER, CNN ANCHOR: Well, lower oil prices and efforts to boost the euro provide major inspiration for investors in Asia.</s>DEBORAH MARCHINI, CNN ANCHOR: Michelle Han has a summary of Asian markets from Hong Kong for us today. Hello, Michelle.</s>MICHELLE HAN, CNN CORRESPONDENT: Good morning. Well, Asian markets rebound from last week's brutal selloff, thanks to a recovering euro and easing oil prices. In Tokyo, the benchmark Nikkei edged up one percent, but finished a touch below the 16,000 point support level. Chip stocks bounced back, both NEC and Toshiba announced more -- advanced more than one percent. NTT DoCoMo, Japan's leading mobile phone carrier, isn't commenting on a "Wall Street Journal" report that it will take a 43 percent stake in America Online's Japanese unit. An alliance with AOL would give DoCoMo a bigger chunk of the next generation cell phone market worldwide, while AOL would boost its stake in the Japanese Internet market. Stocks here in Hong Kong came back with a vengeance. The Hang Seng leapt more than 5.5 percent on thin trading volume. Meanwhile, IPO fever is sweeping through Hong Kong. Investors lined up for hours for a chance to subscribe to shares in the state-owned Mass Transit Railway, the territory's subway system and the first-ever privatization in Hong Kong. The MTRC offering is expected to fetch more than $1 billion for the government. And in South Korea, the Kospi surged 5 2/3 percent. And that wraps up the business day here in Asia. Back to you in New York.</s>MARCHINI: Thanks, Michelle.
Asian Markets Rebound on Recovering Euro and Easing Oil Prices