Shares will remain volatile while investors await assurances that moved to address a deep global financial crisis will bring results, dealers said. The United States said it was putting together a rescue plan to clear away the bad debt that has weighed down banks and set off the worst financial crisis in decades.
Major central banks also pumped more than 300 billion dollars into the global banking system roiling from the crisis stemming from last year's collapse of the US real estate sector. "We're in a period of a very volatile market," said Chan Tuck Sing, dealing director at UOB Kay Hian brokerage.
"It doesn't take very much to tip over one side or the other." Despite moves by governments to address the global turmoil, "the real question is will the problem be solved with all these measures," Chan said. DBS Vickers Securities said further details on the US rescue plan will be necessary in order to sustain the market's gains.