Asian markets ended mostly higher

Asian markets ended mostly higher
Updated on

Summary Asian markets ended higher on hopes that Greece will be able to avert default on its sovereign debt.

Greece’s debt troubles, which have worried investors around the globe for months, remain in focus amid uncertainty about this week’s vote in the Greek parliament on austerity measures.Japan’s Nikkei Stock Average climbed 0.7% to finish at 9648.98. Australias S&P/ASX 200 added 0.3% to 4474.30 and Hong Kongs Hang Seng Index inched up 0.1% to 22,061.78.Chinas Shanghai Composite, after rising in the past five sessions, overcame pressure to lock in profits and ended little changed. South Koreas Kospi fell 0.4% and Taiwans Taiex slipped 0.3%.In Japan, many exporters finished higher, with Canon Inc. adding 0.8% and Fanuc Ltd. rising 2.6%.In Hong Kong, shares of China Yurun Food Group gave up 5.9%, on top of Mondays 19.8% plunge, amid several media reports citing market speculation that research house Muddy Waters PLC, described in some reports as a short seller, may issue a report on the company.

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