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New York - US stocks started the week stronger Monday amid a surge of positive economic news and surprising profits for carmaker Ford.


Ford Motor Co reported a net income of 997 million dollars in the third quarter, its first operating profit since the first three months of 2008.


Economic data on manufacturing, construction and housing all helped push stocks higher. US factory output grew at its fastest pace in three years, according to an index of the Institute for Supply Management.

Tokyo - Stocks in Tokyo on Monday fell on disappointing earnings reports, a stronger yen and pessimistic evaluations of the global economy.


The Nikkei 225 Stock Average plummeted 231.79 points, or 2.3 per cent, to close at 9,802.95.


The broader-based Topix index was also down 14.13 points, or 1.58 per cent, at 880.54, ahead of the stock market's closure Wednesday for the Culture Day holiday.

On currency markets at noon (0300 GMT), the dollar traded at 89.96-97 yen, down from Friday's 5 pm quote of 91.09-12 yen.

Tokyo - Tokyo stocks rose in morning trading Monday as the yen weakened and investors went bargain hunting.

The Nikkei 225 Stock Average climbed 99.9 points, or 0.97 per cent, to 10,382.89.


The broader-based Topix index also rose 11.26 points, or 1.25 per cent, to 913.29.


On currency markets at 9 am (0000 GMT), the dollar traded at 92.11-13 yen, up from Friday's 5 pm quote of 91.80-83 yen.


The euro traded at 1.4993-97 dollars, down from 1.5024-27 dollars in late trading Friday, and at 138.12-14 yen, up from 137.95-99 yen.

The Sensex trimmed some of its gains due to profit booking and the negative opening of the European markets.


Realty, IT and metal stocks showed some resistance, while oil & gas, capital goods and power stocks were seeing selling pressure.


BSE Midcap and Smallcap index rose 0.01 per cent and 0.05 per cent respectively.


At 1:51 pm, Bombay Stock Exchange's Sensex lost 63.26 points at 17262.75 after touching a low of 17205.38 and high of 17457.26.


On the other hand, National Stock Exchange's Nifty stood at 5121.55, down 20.25 points. The index touched a low of 5105.05 and high of 5181.95.

Stock market analysts have maintained 'buy' rating on Jindal Saw with an intraday target of Rs 810.

According to them, interested traders can purchase the stock above Rs 800 with a strict stop loss of Rs 792. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 821.

Shares of the company, on Saturday (Oct 17), closed at Rs 797.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 88.70 and 9.04 respectively. The share price has seen a 52-week high of Rs 803.70 and a low of Rs 135 on BSE.