* ECB launches $850 bln bond buying programme * U.S. stock futures turn positive, euro rises * Nikkei higher, Australia and Korea volatile * Asian stock markets : tmsnrt.rs/2zpUAr4 By Tom Westbrook SINGAPORE, March 19 (Reuters) – Asian stocks struggled to find their footing in volatile trade on Thursday, as the latest promise of stimulus from the European Central Bank propped up sentiment while the world struggles to contain the coronavirus pandemic. U.S. stock futures turned positive and rose nearly 2% after the ECB announced a bond-buying programme. Japan’s Nikkei opened 1.4% higher. MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.25% amid choppy trade throughout the region, with Australia’s benchmark running as much as 3% higher before returning to flat and Korea’s Kospi gyrating. The ECB will buy 750 billion euro ($820 billion) in bonds through 2020, with Greek debt and non-financial commercial paper eligible under the programme for the first time. “It’s given us a shot in the arm,” said Michael McCarthy, chief market strategist at brokerage CMC Markets in Sydney, but he added he expects it to be short-lived. “This is about the impact on demand and the disruption of global supply chain…(bond buying) is not… Read full this story
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