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The European Central Bank’s current moves to reinforce bond markets on the Continent have the attention of investors in European tech and telecom stocks that carrying heavy debt loads. Newly-found optimism in the sector lends itself to shares of Nokia Corporation (NYSE:NOK), Alcatel-Lucent (NYSE:ALU), and Telecom Italia S.P.A. (NYSE:TI) on Friday. In addition, several Asian tech names are also posting impressive gains, linked to both the European situation and also in the wake of a new stimulus plan for China. Youku.com Inc. (NYSE:YOKU) and Spreadtrum Communications, Inc. (NASDAQ:SPRD) are among the strongest gainers.
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