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Monday's early afternoon trade: Wall Street bounces but investors dump Facebook

Tuesday, 22 May 2012
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US stocks rebounded on Monday after their worst weekly decline of the year with signs that investors were quickly unloading Facebook shares following its broken IPO and redeploying capital elsewhere in the technology sector. Facebook Inc's shares fell sharply below their $38 issue price as underwriters' support of the initial public offering faded after its Friday debut.
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Nikkei recovers from four-month low

Tuesday, 22 May 2012
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Japan's Nikkei average inched up on Monday, with short-covering prompting a recovery from the sharp losses of the previous session, and a call from world leaders for Greece to remain in the euro zone helping to soothe investors' jitters. The Nikkei put on 0.3 percent to 8,633.89 after sliding 3 percent on Friday to log a seventh straight week of losses, its longest such run since 2001, as the euro zone debt crisis and concerns over global growth intensified.

Banks and commodities help FTSE snap five-day losing streak

Tuesday, 22 May 2012
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Britain's top share index halted a week-long slide on Monday, as investors stumped up the courage to buy in on the dips of badly beaten equities, although the murky outlook for global growth kept gains to a minimum. London's bluechip index closed 36.86 points higher, or up 0.7 percent at 5,304.48, having fallen 5.5 percent last week on persistent concerns over the implications of a possible Greek exit from the euro and worries over debt-laden Spanish banks.

European equities rebound

Tuesday, 22 May 2012
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European equities rebounded from five-month lows on Monday, with investors seeing value after the steep retreat to five-month lows and taking heart from global politicians' weekend pledge to combat financial turmoil and prevent a eurozone break up.

Indian shares gain

Tuesday, 22 May 2012
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Indian shares edged higher on Monday to post its third consecutive daily gain as lenders extended a rally after State Bank of India's strong earnings at the end of last week boosted the outlook for the sector. However, sentiment remained weak. Consumer good stocks such as ITC fell to profit-taking after outperforming over recent months, a potentially worrisome development given defensive sectors had been among the recent winners.

Taiwan stocks up

Tuesday, 22 May 2012
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Taiwan stocks rose 0.57 percent on Monday, joining regional bourses in cautious gains, with Ta Chong Bank closing higher for a second day on news it will be sold by Carlyle Group and major shareholders. The main TAIEX index ended up 41.04 points at 7,192.23, boosted by a 0.91 percent rise in financials, the top gainers.

Hong Kong shares post fourth straight loss; China climbs

Tuesday, 22 May 2012
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Hong Kong shares fell for a fourth consecutive day on Monday, dragged lower by weakness in HSBC Holdings Plc, Europe's largest bank, as investors look for concrete measures to keep debt-crippled Greece in the eurozone. Renewed fears over Europe's debt crisis and data showing the Chinese economy slowing more than expected have inflicted two straight 5-percent weekly losses on the Hang Seng Index, shaving its 2012 gains down to 2.6 percent.

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