Asia Pacific stocks closed sharply higher on Friday, June 29, 2012, as investors chased for bottom fishing across the region on relief over euro zone debts contagion after European leaders agreed that euro zone banks could be recapitalized without adding to government debt and opened the way for tapping a rescue fund. EU leaders emergency action soothed fears over growing credit strains in Italy and Spain and surprised a market that had been primed for disappointment.
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