Asian News

Mainland indices surge   China's Shanghai Composite index soared as high as 7.8 percent briefly before trimming gains to 5.3 percent. The CSI 300 index opened up 6.1 percent, while the smaller Shenzhen Composite leaped 4.7 percent.   After the stock market close on Friday, the China Securities Regulatory Commission (CSRC) said China would cut initial public offerings (IPOs) and capital raisings and support long-term investors entering the market to help stabilize prices. The People's Bank of China (PBOC) also rolled over 250 billion yuan of medium-term loans to banks late on Friday to ensure adequate liquidity in the system. 

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