Fannie and Freddie shares are soaring on new the Treasury is close to finalizing a backstop plan, with Bill Gross, PIMCO and CNBC's Trish Regan & Steve Liesman.
Expect the Hang Seng Index to fluctuate between 22,000-23-000 points this week, predicts Peter Lai, director of DBS Vickers Securities. He discusses the day's top stories from Taifook Securities and more, with CNBC's Emily Chan.