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Market Update

Asian Markets Rally on Europe Optimism

Asian markets gained ground Friday ahead of a key jobs report in the U.S. later today after central banks in Europe assured loose monetary policies would continue to remain in place.

Leading the gains, Hong Kong's Hang Seng was up 1.4%, Tokyo's Nikkei added 1.3%, Sydney's S&P/ASX All Ordinaries climbed 0.7% while mainland China's Shanghai Composite edged up 0.2%. Mumbai's Sensex also opened higher, following upbeat overseas cues, and was trading 1% higher at 9:18 a.m. Indian Standard Time.