Asian Stocks Rocket on New Stimulus Plans

Nikkei jumps 5.2%, Europe opens up
By Jason Farago,  Newser Staff
Posted Mar 13, 2009 5:33 AM CDT
People wearing masks walk past a securities firm's electronic stock board in Tokyo yesterday.   (AP Photo/Koji Sasahara)
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(Newser) – Asian markets followed the third straight rally on Wall Street with a major bull run today as new stimulus packages in China and Japan and good news from Bank of America sent stocks soaring. In Tokyo the Nikkei closed up 5.2%, while a late surge in Hong Kong boosted the Hang Seng 4%. This morning Europe's major exchanges all opened up, and US futures signaled another positive day.