[Deborah Marchini, Cnn Anchor:] It was a pretty grim day in international markets after the damage on Wall Street Friday. All the markets in Asia fell as investors looked for direction. David rather, Michelle Han is summing up the day from Asia, now, in Hong Kong. Hello, Michelle.
[Michelle Han, Cnn Correspondent:] Deborah, good morning to you. Well, the Tokyo market was closed today for a public holiday, but those open for business fell back on the heels of Wall Street's drubbing Friday over a stronger-than-expected jobs report. In Hong Kong, the key Hang Seng Index raised three percent of its value. Market heavyweights China Mobile giving up 5 12 percent. Punters fear China Mobile may be paying too much to buy seven wireless mainland networks; the company announcing Monday it's borrowing $1.5 billion from eight Chinese and international banks to help finance those purchases. New-listing subway operator Mass Transit Railway Corporation bucked the trend and put on nearly 6.5 percent as retail investors bet there is still more upside on the stock. Taiwan's weighted index slid 2 14 percent, investors shrugging off news that the government will allow securities investment trust firms to manage stock investments on behalf of clients as of Wednesday. Now the region's biggest loser, South Korea. The KOSPI closed at the session's low, giving up three percent. Samsung Electronics and SK Telecom, each off more than five percent. South Korean shares dropped over three percent despite word that U.S. auto giant General Motors and Italy's Fiat would talk with troubled Daewoo Motor about buying its assets. Sinopec, China's biggest oil refiner and petro-chemicals producer, launches its global share offering Monday. And Deborah, back to you.
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