Asian stocks rally on central bank offensive | Bangkok Post: business

Asia-Pacific stock markets extended a global rally Friday after the world's most powerful central banks offered to inject US dollars into lenders squeezed by the eurozone debt crisis.

A man walks past a stock market index price board in Tokyo. Asia-Pacific stock markets extended a global rally after the world's most powerful central banks offered to inject US dollars into lenders squeezed by the eurozone debt crisis.

The European Central Bank and its US, Japanese, Swiss and British counterparts announced Thursday they would act in concert to lend dollars to banks facing a shortage of the American currency.