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Asian markets get a boost from ECB stimulus

By Shawn Price   |   March 11, 2016 at 5:18 AM
| License Photo

TOKYO, March 11 (UPI) -- Tokyo's stock market got a boost Friday afternoon from news the European Central Bank was introducing a bold stimulus package that will cut interest rates and expand asset buying.

The news reversed morning losses and helped the Nikkei finish up 86.52 points, or 0.51 percent, from Thursday at 16,938.87. The broader Topix index also finished higher, up 7.15 points, or 0.53 percent, at 1,359.32.

Markets were boosted in Korea and Hong Kong as well, with the Kospi finishing up 2.08 points, or 0.11 percent, at 1,971.41. The Hang Seng index ended the week up 215.18 points, or 1.08 percent, at 20,199.60.

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