[This Is A Rush Transcript. This Copy May Not Be In Its Final Form And May Be Updated. Deborah Marchini, Cnn Anchor:] In the bottom right hand corner of your screen you see the futures markets telling us we're likely to see a tech stock bounce at the open of trading today on news that Hewlett- Packard is buying Compaq. Let's see what impact it's having on stocks overseas. First to Lisa Barron with a look at the Asian markets. Hi, Lisa.
[Lisa Barron, Cnn Correspondent:] Hi, Deborah. Well, the announcement by Hewlett-Packard that it will buy rival Compaq Computer provided a badly needed boost to tech stocks in Asia. Taiwan's Quanta surged nearly 6 12 percent3 percent, China's largest computer maker, Legend Holdings, clicked up more than 1 percent and Japan's Toshiba powered up more than 5 percent and that helped boost the broader markets. Tokyo's Nikkei rose 3.5 percent, Taipei's Weighted index gained just under 1 percent and Hong Kong gained 2.15 percent. There has been some progress between American International Group and the Hyundai Group on the purchase of the South Korean company's financial units. AIG has offered new terms for Hyundai Securities allowing minority shareholders to buy between $40 million and $80 million of new shares, according to "The Wall Street Journal." The paper cites unnamed sources from AIG saying that it would be the final offer and should Hyundai Group turn it down, the buyers would walk away. Investors hope this could lead to a finality, driving shares of Hyundai Securities up more than 6 percent in Seoul trade. That's the business today here in Asia back to you, Deborah, in New York.
[Marchini:] All right, Lisa Barron in our Hong Kong bureau. TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com