Asian stocks rose, joining a global equities rally, after the European Central Bank signaled it may boost stimulus this year.
The MSCI Asia Pacific Index gained 0.5 percent to 134.48 as of 9:02 a.m. in Tokyo. The MSCI All-Country World Index of developed and emerging-market shares surged to a two-month high on Thursday after ECB President Mario Draghi said policymakers will re-examine the degree of stimulus in December, adding that the quantitative-easing program will continue until beyond September 2016 if needed.
Japan’s Topix index climbed 1.7 percent and Australia’s S&P/ASX 200 Index gained 2.1 percent. South Korea’s Kospi index rose 1.1 percent and New Zealand’s S&P/NZX 50 Index added 0.7 percent.
E-mini futures on the Standard & Poor’s 500 Index added 0.6 percent since the close of cash-market trading on Thursday. The underlying gauge advanced 1.7 percent Thursday.
After the market closed, Google parent Alphabet Inc. reported better-than-projected earnings amid stronger ad sales and while keeping expenses under control. It soared in extended trading, as did Amazon.com Inc. after the Internet commerce company’s quarterly sales topped analysts’ estimates.
Futures on Hong Kong’s Hang Seng Index gained 1.3 percent and contracts on the Hang Seng China Enterprises Index advanced 1.6 percent in most recent trading. Futures on the FTSE China A50 Index rose 1.3 percent in Singapore.
Source : Bloomberg