Monday, January 5, 2009

Asian stocks rise on US rally, stimulus hopes

HONG KONG (AP) -- Asian stock markets rose strongly Monday, with benchmarks in Tokyo and Shanghai gaining more than 2 percent, as Wall Street's rally and stimulus plans in the U.S. and elsewhere buoyed investor hopes for 2009.

Investors seemed to find encouragement after President-elect Barack Obama urged congressional leaders Saturday to move quickly on recovery measures that aides say could cost as much as $775 billion.

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