GLOBAL MARKETS: Asian shares up after Wall St gains; euro steady
SINGAPORE, March 25 (Reuters) - Asian stocks rose on Friday amid optimism about upcoming company earnings, and the euro held steady as investors bet European leaders would be able to prevent a political crisis in Portugal worsening the region's sovereign debt crisis.
Tokyo's Nikkei rose more than 1 percent, with analysts saying some technical indicators showed the market heavily oversold. The index is down 7 percent from its close on March 11, when a massive earthquake and tsunami struck northeastern Japan.
Asia shares up after Wall St gains; dollar squeezed
SINGAPORE, March 25 (Reuters) - Asian stocks rose on Friday amid optimism about upcoming company earnings, and the dollar retreated as investors sold the low yielding currency in favour of riskier assets.
"The market is treating many of these downgrades as rearguard actions which are already well discounted and the dollar is under pressure broadly," said Todd Elmer, currency strategist at Citi in Singapore.
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