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HONG KONG: Asian stocks bounced on Thursday after tentative steps by euro zone policymakers to tackle a crippling debt crisis, but investors remained wary that obstacles the bloc's leaders face could weigh on the euro and Asian currencies in the medium term.

Yes, the doomsters and shorts will be out in force to trash the Euro-deal, but there will be buyers on dips. New trading range to be DJIA 12,540 - 11,650.

Wolfgang Schaeuble and Bruno Le Maire the finance ministers of Germany and France agreed on Monday to strengthen the euro zone, leas

Euro zone growth will continue to recovery slowly but risks are tilted to the downside due to uncertainty over Britain's referendum on European Union membership and to sluggish emerging markets, the European Central Bank said on Thursday.

The market is shrugging off the surprising Apple (AAPL) earnings miss with futures set for a flat open. Media reports regarding efforts to solve a Euro zone debt crisis continue to be conflicted, leaving the market a bit indecisive this morning.

Last week stocks soared after European officials hammered out a deal, but now investors are wondering whether the plan can be a long-term solution to sovereign debt crisis.

The market is thumbing its nose at the S&P European down grades - Euro-zone countries raising money at lower costs - good. Today's Rally Must Hold gains though.

French President Nicolas Sarkozy said yesterday that talks had stalled, sparking a sell-off yesterday, however the opening low from Tuesday was not even breached.

Nicolas Sarkozy and Angela Merkel reached an agreement to enforce budgetary discipline throughout the Euro Zone and attract investors back to the bond market.

Worry over the struggling Euro Zone economy and rising oil prices dragged Hong Kong down despite a modest gain on Mainland markets. Newly listed stocks performed poorly.

Wipro chief Azim Premji said on Friday that the Euro zone debt crisis will have a minimal impact on India.

Exports to Europe could witness a slump of close to 10 percent and even the government's overall export target of $ 200 billion for this fiscal could be at stake if Euro Zone sovereign crisis is not prevented from spreading to larger part of European Union, according to a new study carried out by an industry body.

Stocks shot up across the financial sector, buoyed by news of a deal among European leaders for a bailout plan to relieve the Euro Zone debt crisis.