DEBORAH MARCHINI, CNN ANCHOR: We saw a pretty terrific rebound in the Asian stock markets today.</s>DAVID HAFFENREFFER, CNN ANCHOR: Yes, not bad. And Michelle Han has got a summary of the Asian markets from our studios in Hong Kong. Hi, Michelle.</s>MICHELLE HAN, CNN CORRESPONDENT: David, Deborah, good morning. Well, euphoria from the Nasdaq's powerful rally overnight hit Asian markets and the bulls came back with a vengeance. The Tokyo Nikkei average snapped a three-day losing streak and climbed 2 2/3 percent higher. Even a word that Japan's No. 11 life insurance company may go belly up didn't dampened the bullish sentiment in Tokyo. Here in Hong Kong, robust gains in the blue chip sector led a rally that saw the Hang Seng index surge 622 points or 4 1/3 percent. Traders are saying the Hang Seng could stay above the 15000-point support level if Wall Street stays firm. And in Taiwan, the gut-wrenching trading session earlier this week finally came to an end Friday. The benchmark TAIEX staged a stunning rebound, surging more than 6 percent. The rally was fueled by the Nasdaq's hefty gains, record export orders for September, and new government efforts to boost the market. And that wraps up the business day here in Asian. Back to you both in New York.</s>HAFFENREFFER: All right, thank you very much, Michelle.
Bulls Back in Asian Markets Following Nasdaq Rally