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Asia+stocks+rise+after+%27unprecedented%27+ECB+actions
Friday, 06 June 2014 - 13:00
Asia stocks rise after 'unprecedented' ECB actions
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Asian stocks rose after the European Central Bank introduced aggressive easing measures aimed at stimulating the eurozone economy.

The ECB become the first major central bank to introduce negative interest rates, which will see it become cheaper for banks to lend money to businesses.

It cut the deposit rate for banks to zero to -0.1% and reduced the benchmark interest rate to 0.15% from 0.25%.

Japan's Nikkei 225 opened 0.4% higher while Australia's ASX 200 rose 0.3%.
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