Asian equities jump as banks gain

Note: This section contains information in English only.
Source: Marketwatch
© Scanpix/AFP

Asian stocks experienced an increase as investors reacted positively on latest reports from Europe. Shanghai Composite rose 0.2%, while Hong Kong's Hang Seng Index climbed 2%. South Korea's Kospi added 2.2%, Japan's Nikkei Stock Average gained 1.6% and Australian S&P/ASX 200 index advanced by 1.9%. Several reports were published during weekend indicating progress in taming debt crisis.

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