Asia stocks jump in early trade Monday as China, Europe step up stimulus(Update)

Tokyo's market was closed for a holiday on Monday, but MSCI's broadest index of Asia-Pacific shares outside Japan jumped 1.3 percent - its biggest daily gain in a month. Australia's main index climbed 1 percent. - Reuters filepic

SYDNEY: Asian share markets were broadly higher on Monday as the prospect of further policy stimulus in China and Europe whetted risk appetites while sending the euro skidding.

The single currency was near 28-month lows having shed 1.2 percent on Friday when European Central Bank President Mario Draghi surprised by declaring his commitment to fighting deflation.