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A decision by European central banks to support the region's financial system helped calm Asian markets. Japan's Nikkei 225 index rose 1.7 per cent to 8,819.69 while South Korea's Kospi advanced 3.5 per cent to 1,835.31. Hong Kong's Hang Seng gained 2.1 per cent to 19,585.10.

 
 
German Chancellor Angela Merkel and French President Nicolas Sarkozy rejected calls for an "orderly insolvency" of the debt-laden nation.
Japan's Nikkei 225 index rose 1.7 per cent to close at 8,668.86 while South Korea's Kospi advanced 1.4 per cent to finish at 1,774.08.
Benchmark oil for October delivery was down 54 cents to $89.67 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.
Benchmark oil for October delivery was up 78 cents to $88.97 at midday Singapore time in electronic trading on the New York Mercantile Exchange.
Benchmark oil for October delivery was down $1.64 to $85.60 at midday Singapore time in electronic trading on the New York Mercantile Exchange.
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