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Asian markets start rally

BANGKOK, Thailand — Most Asian stock markets rose today as investors bought beaten-down shares in hopes China's big interest rate cut will stimulate growth and optimism over Wall Street's four-day rally.

Indian stocks edged lower after a one-day suspension of trading because of terrorist attacks in Mumbai, the country's financial center, that left at least 119 people dead. The benchmark Sensex index opened 1 percent lower and then fluctuated in and out of positive territory. In late morning trading, it was down 0.2 percent at 9,011.

Across the region, Mumbai attacks — as well as Bangkok's airport shutdown, which entered its fourth day — did little to dampen improving investor sentiment. Thailand's SET index was up 1.2 percent at 394.29.

There are some hopes in markets that a raft of policy measures around the world, such as the rescue of Citigroup, could limit the scale of the global downturn next year, though the upcoming Christmas sales period is not expected to be particularly good for retailers.

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