ST Index 2,059.39 -68.92
Volume 1,136.8M
Value $1,214.0M
Gainers/Losers 137/394

US buys stakes in 9 banks, stems panic.
The nine are: Citigroup, JPMorgan Chase and Wells Fargo - US$25 billion apiece; Bank of America and Merrill Lynch - US$12.5 billion each; Goldman Sachs and Morgan Stanley - US$10 billion apiece; and Bank of New York and State Street Bank each received US$2-3 billion.