(VIDEO) Asian stocks rise after Europe, US advance

Asian stocks advanced Friday, following overseas markets higher as signs the U.S. economy was healing and debt-ridden Greece might soon be rescued eased anxiety about the global outlook.


The broad move higher in Asia marked a turnaround after several days of losses. The dollar was slightly lower against the euro and the yen, and oil prices traded above $85 a barrel.

Helping sentiment was an overnight rise in the U.S., where stocks rallied after a series of upbeat earnings reports and a reading on unemployment that suggested layoffs might be slowing. The news gave investors reason to hope a rebound in the world’s largest economy, a key Asian export market, was sustainable.

At the same time, investors seemed less agitated about Europe’s debt problems. Thursday brought reassurances from European leaders they were working quickly to approve a bailout for Greece so it can make good on its debt payments, one of which comes due in just several weeks.

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