Asian Equities Move to New Highs on ECB Easing

Asian equity markets traded higher on the final trading day of the week, tracking a global rally after the European Central Bank (ECB) unleashed a 1 trillion euro ($1.11 trillion) stimulus package to resuscitate the deflation-hit euro zone.

Overnight, U.S. stocks extended gains into a fourth session, on the back of the ECB’s larger-than-expected easing measures and upbeat quarterly earnings from companies including Southwest Airlines. Both the Dow Jones Industrial Average and S&P 500 gained 1.5 percent, while the Nasdaq piled on 1.8 percent.

In Europe, the pan-European FTSEurofirst 300 closed 1.6 percent higher – its highest closing level since early 2008 – on Thursday, according to Reuters.


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