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Asian stocks are surging after Japan’s economy shrank just 0.7 per cent year-over-year in the fourth quarter, beating expectations of a 2.3 per cent decline.
Stocks were also boosted by an improvement in U.S. employment, and on reports that Greek bond swap participation was at 58 per cent.Here’s how the markets look:
Japan’s Nikkei 225 is up 1.13%
China’s Shanghai Composite is up 0.64%
Hong Kong’s Hang Seng is up 0.72%
Australia’s S&P/ASX 200 is up 0.54%
South Korea’s Kospi is up a modest 0.18%