Asian stocks rise after Wall Street’s big week, European banker’s stimulus comments + MORE Nov 23rd

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BEIJING, China – Asian stock markets mostly rose Monday following Wall Street’s strong gains last week and the chief European central banker’s comment that the ECB will consider more stimulus.
KEEPING SCORE: Hong Kong’s Hang Seng was little changed at 22,748.63 while Seoul’s Kospi gained 0.8 per cent to 2,004.80. The Shanghai Composite Index added 0.4 per cent to 3,644.70 and Australia’s S&P/ASX 200 advanced 0.4 per cent to 5,276.40. Japanese markets were closed for a holiday. Markets rose in Taiwan, Thailand, Indonesia and the Philippines while Singapore fell.
EUROPE STIMULUS: Investors were encouraged by comments Friday from the head of the European Central Bank that it “will not hesitate” to expand stimulus if needed to support a recovery. Mario Draghi’s speech at a banking forum in Frankfurt reinforced earlier statements taken by markets as a green light for the bank to take action at the Dec. 3 meeting of its governing council…

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