Overseas Trading: ECB Surprise Fuels Global Stock Rally

Stocks in Asia and Europe are higher as traders consider the European Central Bank's (ECB) policy decision

Josh Selway

Mar 11, 2016 at 8:38 AM

Stocks across Asia closed higher, as traders considered the impact of the European Central Bank's (ECB) surprise policy decision. In China, the Shanghai Composite managed a 0.2% gain, but was outdone by Hong Kong's Hang Seng, which closed 1.1% higher. Japan's Nikkei settled higher for the third straight session, adding 0.5%. In South Korea, the Kospi managed a 0.1% gain.

Over in Europe, stocks are surging at midday. Aside from expanded stimulus measures from the ECB, traders are taking their cues from rising crude oil futures. Germany's DAX was up 3.2% at last check, with France's CAC 40 close behind, up 3%. London's FTSE 100 has added 1.6% so far.

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