STI remains bearish, support 1570 followed by 1470.

"The total amount of fiscal stimulus planned by provincial governments in China to counter the global economic slump may have been vastly underestimated and could amount to as much as 30 trillion yuan (S$6.7 trillion) or more than seven times the four trillion yuan figure that has been announced publicly by the Chinese central government, experts have told The Business Times."

"Asian nations will form a $120 billion pool of foreign-exchange reserves that can be used by countries to defend their currencies in an expansion of efforts to battle fallout from the global financial crisis."

"The Obama administration tried on Friday to ease market fears that the government was poised to nationalize some large banks that are struggling with losses and a lack of confidence, notably Citigroup and Bank of America."