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Market Update

Asia Rallies On Europe Optimism

Asian markets notched higher Friday after central banks in Europe assured loose monetary policies would continue to be in place.

Leading the gains, Tokyo's Nikkei bounced 2.1%, Hong Kong's Hang Seng gained 1.9%, Sydney's S&P/ASX All Ordinaries climbed 0.9% while mainland China's Shanghai Composite edged up 0.1%. Mumbai's Sensex also opened higher, following upbeat overseas cues, and was 0.4% higher at close.