Monday, February 16, 2015

Asian Market Update : Epic Research Singapore

Asian markets advanced on Monday following a record close on Wall Street, while Greece's leadership said it was upbeat that it could hammer out a new debt deal with its European creditors.

Japanese shares were supported by data showing the economy had exited recession, although gains were tempered as it grew at a slower pace than expected.

Tokyo was up 0.66 per cent by the break. Hong Kong added 0.14 per cent in morning trade, Sydney was flat, Shanghai put on 0.10 per cent and Seoul was 0.10 per cent higher.

Greek Finance Minister Yanis Varoufakis will Monday meet his counterparts from the eurozone in Brussels to get their backing for an overhaul of the austerity-laden bailout, which Athens says has crippled the country's economy.

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