Asia stocks surge, euro sinks on ECB stimulus hint

Tokyo's Nikkei 225 index closes 2.11% higherThe European Central Bank’s hint at fresh stimulus measures for the stuttering eurozone economy sent Asia stock markets and emerging currencies surging Friday, while the euro held on to losses. Regional investors were set to end another week on a positive note, extending an October rally that has been fuelled by hopes for more monetary easing from key central banks, including in the United States, China and Japan. With the prospect of more euros flooding the market, the single currency plunged Thursday to $1.1111 and 134.10 yen in New York, well down from $1.1339 and 135.65 yen in Asia earlier in the day.

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