Breaking News-Asian Stocks Snap Five-Day Plunge After Interest-Rate Cuts

Asian Stocks Snap Five-Day Plunge After Interest-Rate Cuts

By Kyung Bok Cho
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Oct. 9 (Bloomberg) -- Asian stocks rose, snapping a five-day plunge, on speculation global interest-rate cuts may stimulate economic growth.

Japan's Nikkei 225 Stock Average rose 0.8 percent to 9,275.27. Yesterday it tumbled 9.4 percent, the most since global markets crashed in October 1987. Indonesia's market is suspended from trading following yesterday's 10 percent plunge.