European governments announced plans to bail out banks by buying stakes in them and the U.S. is also expected to follow suit by injecting $250 million into banks, sending stocks soaring. What do you think?

Japanese share prices soared on Tuesday after international government pledges to pour cash into banks and restore confidence in the global financial system.

The Nikkei 225 Average soared more than 14%  Tuesday, the biggest one-day gain in its 58-year history, after governments around the world pledged to support struggling banks and restore confidence in the financial system.

Asian stocks surged, with Japan's Nikkei finishing 14% higher Tuesday after governments around the world readied plans to take stakes in banks to keep the global financial system from collapsing.

Asian stocks bounced from a four-year low Monday after policymakers around the world took increasingly bold steps to rescue the financial system, including guaranteeing bank deposits and taking stakes in banks.

The global financial crisis claimed its first Japanese financial institution, and the government looked to prop up smaller banks as the Nikkei 225 Average took a savage beating Friday.

It feels like 1997 all over again in Asia. Japan down 10%, Hong Kong down 8%, Singapore down 7% and Australia down 8% as markets around the world are gripped by recession fears. 

Japan's Nikkei 225 Average fell 9.6%  Friday for its biggest one-day percentage loss since the 1987 stock market crash on growing fear the financial crisis will spark a global recession.

Investor nerves were frayed and that was reflected in Thursday's chopping trading session with markets weaving in and out of negative territory even after central banks around the world cut interest rates to support the global economy.

European stocks pared back some of the losses on Wednesday after plunging about 8 percent earlier in the session as credit fears grew.

Fear ruled the day in Asian markets as panic selling sent benchmark indices to multi-year lows on Wednesday. Markets from Tokyo to Jakarta tumbled sharply, dragged lower by another gloomy session on Wall Street that saw the Dow notched its biggest five-day fall ever.

Asian stocks saw a turnaround in trade Tuesday after a dramatic 100 basis point rate cut by the Reserve Bank of Australia. Markets were paring back sharp losses that had seen the Nikkei crashing the 10,000 level at one point in the session. 

Asian markets fell 4%  Monday and the yen surged to a 2-year high against the euro as investors doubted the scattered European response to the financial crisis and the $700 billion U.S. bank bailout could prevent a global recession.

Asian markets fell sharply Friday while the yen rose to a two-year high against the euro on fears the $700 billion financial rescue bill still needing final U.S. government approval may not be enough to keep the global economy from falling into recession.

Asian markets closed mostly lower Thursday and safe haven assets such as government debt gained after the U.S. Senate's approval of a massive bank bailout plan failed to dispel the deepening worries about the global economy. Japan closed 1.9 percent lower while South Korea shed 1.4 percent.