Asian markets rallied, today, following a surprise 25-basis-point interest-rate cut by the European Central Bank and after Greece shelved plans for a referendum on a financial-bailout. So, Japan's Nikkei-225 gained 1.9 percent; Hong Kong's Hang Seng and South Korea's Kospi surged 3.1 percent each; Singapore's Strait Times index rose 1.4 percent; and China's Shanghai Composite index advanced 0.8 percent.In Europe also, stocks moved higher. Key indices, London's FTSE-100, France's CAC-40 and Germany's DAX rose between 0.3% and 0.6% in intra-day trade today.