Hong Kong's Hang Seng Index and India's Sensex index both hit 52-week highs, climbing 0.6% and 1.2%, respectively.
Hong Kong's Hang Seng index recovered from Wednesday's 8 percent plunge, gaining 2.7 percent by midday.
Credit Lyonnais Securities says that even assuming lower profit growth of 7.3% and interest rates that are 125 basis points above U.S. rates, the Hang Seng's fair value is a respectable 12, 000 or so.
Asian indices fell sharply: Hong Kong's Hang Seng by 7.18%, Seoul's KOSPI by 6.87%, Bangkok's SET by 6.54%, Singapore's Strait Times by 5.5% ...
Markets were are also tracking a weaker trading session in Asia, where Hong Kong's Hang Seng closed down 0.6% and Bombay's Sensex slumped by 1.5%.
In Asia, Hong Kong's Hang Seng dropped 2.5%, and South Korea's Kospi lost 1.2%.
Hong Kong's Hang Seng closed 3.8 percent higher, and Japan's Nikkei closed up 3.4 percent.
In China, where Hong Kong's Hang Seng Index climbed 0.7% and the mainland's Shanghai Composite Index dropped 0.2%, investors were digesting a string of earnings reports from large Chinese companies.
Hong Kong's Hang Seng stock index was trading 0.7% higher, South Korea's Kospi added 0.5% and Australia's main stock index gained 0.3%.
Asian stocks also closed up, with Hong Kong's Hang Seng index surging 2% to 19, 508.18 and Japan's Nikkei closing up 1.1% at 8, 603.70.
Japan's Nikkei Stock Average jumped 2% to 9768.96, Hong Kong's Hang Seng Index rose 1.3% to 20900.73 and China's Shanghai Composite Index climbed 1.1% to 2420.28, all three rising for the first time this week.
In China, where Hong Kong's Hang Seng Index climbed 0.6% to 22251.15 and the mainland's Shanghai Composite Index ended down 0.1% at 2326.71, investors were digesting a string of earnings reports from large Chinese companies.
Hong Kong's Hang Seng Index climbed 0.3%, to 20741.45, while China's Shanghai Composite Index slipped 0.4%, to 2396.32.
Hong Kong's Hang Seng fell 0.4 percent to 23, 729.53 while South Korea's Kospi shed 0.1 percent to 1, 961.94.
Earlier in Asia, Hong Kong's Hang Seng rose 0.6 percent to 23, 047.09, while South Korea's Kospi fell 0.4 percent to 1, 954.49 .
Elsewhere, Hong Kong's Hang Seng Index fell 2.5% to 22, 669.68, while South Korea's Kospi Composite fell 1.2% to 1, 969.19 and the Shanghai Composite Index dropped 1.2% to 2, 275.67.
Japan's Nikkei index closed up 1%, and Hong Kong's Hang Seng closed up 2.7%.
Hong Kong's Hang Seng swung between gains and losses to flatten out at 21, 661.08.
Hong Kong's Hang Seng Index spent much of the morning trying to stay positive.
Hong Kong's Hang Seng Index traded up 2.4% at 17, 671.54 before the midday bell.
The Shanghai Composite Index slipped 0.4% in the mainland and Hong Kong's Hang Seng Index was flat.
The Shanghai Composite Index slipped 0.3% in the mainland and Hong Kong's Hang Seng Index was flat.
"Let's hang tight a bit, " says Weiszbrod, who has been guiding for two-thirds of his 42 years.
Hong Kong's Hang Seng Index ended 1.6% higher at 20439.14, bringing its winning streak to five sessions.
Hong Kong's Hang Seng Index ended down 0.5% at 22, 282.19, while the Shanghai Composite fell 0.1% to 2, 299.25.
Hong Kong's Hang Seng Index also shed 0.5%, dropping 2.8% for the week, to near a two-month low.
Most Asian indexes plunged on Wednesday, with Japan's Nikkei down 3.4% and China's Hang Seng index down 5.4%.
Japan's Nikkei Stock Average fell 0.5% for a third-straight day, and Hong Kong's Hang Seng Index shed 1%.
Hong Kong's Hang Seng Index slumped 1.4%, down 1.2% on the week and six of the past seven.
Hong Kong's Hang Seng Index added 2% to 20739.45, and the Shanghai Composite Index also gained 2%, to 2312.56.
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