Asian stocks and the euro have risen after
officials agreed a bailout deal for Cyprus, easing fears that its banking
system problems may spread.
Cyprus will now get a 10bn euro ($13bn; £8.5bn)
cash injection to keep its banking system running and prevent it from crashing
out of the eurozone.
Investors had feared that its exit from the bloc
may escalate the region's debt crisis and derail a global recovery.
Shares in Japan, South Korea, Hong Kong and
Australia rose on the news.
Japan's Nikkei 225 index rose 1.7%, South Korea's
Kospi gained 1.5%, Hong Kong's Hang Seng added 0.6% and Australia's ASX200 was
up 0.5%.
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