Euro Crisis

Asian Markets Rally After Draghi Announcement

Implied borrowing costs for Italy and Spain fell after the ECB president outlined his bond buying plan


Asian stock markets have risen, joining a global rally, after the European Central Bank (ECB) unveiled a plan targeted at easing the region's debt crisis.

The ECB said it would buy bonds of the bloc's debt-ridden nations in a bid to bring down their borrowing costs.

The implied borrowing costs for Spain and Italy fell after the announcement.