Asian stocks rise
Asian stocks rose strongly Monday ahead of a US announcement to buy
up as much as $1 trillion in toxic bank assets and as Japan signaled
more stimulus measures to resuscitate the world's second-largest
economy.
Tokyo shares led the region's gains, with the country's benchmark
hitting a six-week high, after Japan's finance minister said aggressive
public spending to the tune 20 trillion yen ($208 billion) might be
needed to end the country's painful recession.
Investors also were eyeing the US, where the Obama administration is
set to unveil Monday its latest effort to heal the hard-hit financial
sector and restore bank and consumer lending. HONG KONG (AP)
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