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Asian Market Update

Monday, 23 February 2015


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Asian stocks were mostly higher on Monday morning as investors cheered a last-minute deal to extend Greece's bailout by four months, giving Athens a lifeline to pay its bills and avoid a damaging default.

Tokyo led the charge with the benchmark Nikkei extending a 15-year high as it rose 0.81 per cent by the break, while Sydney was up 0.52 per cent, Wellington added 0.11 per cent, and Seoul climbed 0.41 per cent. Hong Kong fell 0.53 per cent.

Exchanges in Taiwan and mainland China are closed for the Lunar New Year holiday.

Asian shares picked up on a strong lead from Wall Street which bolted to fresh records Friday after the eurozone conditionally gave Greece the four-month debt bailout extension, easing worries over its future in the eurozone.

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