The Actions to get more Gain on Bank Bailouts of Asian Stocks

Asian Market shows an agresive reaction after the U.S. and European governments agreed to buy stakes in banks to unlock credit markets.

National Australia Bank Ltd., Woori Finance Holdings Co. and and Woodside Petroleum Ltd. all jumped more than 9 percent. Mitsubishi UFJ Financial Group Inc. was poised to advance after sealing its $9 billion investment in Morgan Stanley. Japan's Nikkei 225 Stock Average jumped 11.4 percent to 9,208.20. The country's markets were shut for a holiday yesterday.

The MSCI Asia Pacific Index rose 2.6 percent to 90.94 as of 9:30 a.m. in Tokyo. Financial stocks accounted for a third of the advance.

``Confidence is returning preemptively,'' said Will Seddon, who helps oversee about $500 million at White Funds Management in Sydney. ``People don't want to be left out if and when there's a rally on the back of these initiatives by governments.''

Australia's S&P/ASX 200 gained 5.9 percent, its biggest advance since October 1997, and extending yesterday's 5.5 percent climb. South Korea's Kospi Index jumped 5.6 percent, bringing its two-day gain to 9.5 percent.

U.S. stocks staged the largest rally yesterday in seven decades. The Standard & Poor's 500 Index rebounded from its worst week in 75 years with an 11.6 percent advance, its steepest since 1939. S&P 500 futures gained 1.9 percent today.

The U.S. government plans to buy stakes in nine major banks, according to people briefed on the matter. France, Germany, Spain, the Netherlands and Austria committed 1.3 trillion euros ($1.8 trillion) to guarantee bank loans and take stakes in lenders.