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Summary Asian markets surged as Greece passed an austerity measures package.
Asian stocks climbed on Thursday as investors breathed a sigh of relief after Greece moved a step closer to avoiding a default by adopting the harsh austerity measures, a move that boosted the euro and sparked a broad rebound in risky assets.Australia’s S&P/ASX 200 Index increased 1.7 percent. Hong Kong’s Hang Seng Index advanced 1.5 percent, while China’s Shanghai Composite Index gained 1.2 percent. South Korea’s Kospi Index added 0.3 percent. Japan’s Nikkei 225 Stock Average gained 0.2 percent, after swinging between gains and losses at least six times.
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