MARKETS-ASIA/CLOSE Asia shares tip-toe higher on Greece bailout plan, volatility high in China's markets

Record ID: 146914

  • Title: MARKETS-ASIA/CLOSE Asia shares tip-toe higher on Greece bailout plan, volatility high in China's markets
  • Date: 16th July 2015
  • Summary: TOKYO, JAPAN (JULY 16, 2015) (REUTERS) TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING (English): "JPX, TOKYO STOCK EXCHANGE" ELECTRONIC STOCK BOARD ALARMING AT CLOSING OF MARKET ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE CLOSING AT 20,600.12 UP 0.7 PERCENT VARIOUS OF TSE STAFF WORKING ROTATING STOCK PRICE TICKER TSE MARKET CENTER HONG KONG, CHINA (JULY 16, 2015) (REUT
  • Embargoed: 31st July 2015 13:00
  • Keywords:
  • Topics: General
  • Reuters ID: LVA6R43EGWJER2MPI58BGTOZNJD8
  • Aspect Ratio: 16:9
  • Story Text: Most Asian shares edged up on Thursday (July 16) after Greece approved a bailout plan and brought mild relief, while trading volatility remained high in the Chinese stock markets despite the positive economic data and Beijing's slew of supportive measures.
    The Greek parliament passed a sweeping bundle of austerity measures demanded by European partners, a price to pay for opening talks on a multi-billion euro bailout package near-bankrupt Athens needs to stay in the euro zone.
    The Nikkei share average ended 0.7 percent higher to 20,600.12, the highest closing level since June 26, as investors expected Japanese exporters to benefit from the weaker yen. The broader Topix gained 0.9 percent to 1,660.83.
    China stocks rebounded on Thursday from the previous session's sharp correction, but high trading volatility reflects lingering investor caution even as Beijing's flurry of rescue measures has managed to stem panic selling.
    Investors were also keeping a close eye on the index futures market, where traders are generally still betting on more falls for mainland stocks, which lost about one-third of their value in the recent month-long rout.
    The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.8 percent, to 3,997.36, while the Shanghai Composite Index gained 0.5 percent, to 3,823.18 points.
    Hong Kong stocks also rose on Thursday, snapping two days of declines, as investors tracked a rebound in the volatile China indexes and awaited further developments in Greece in cautious trade.
    The Hang Seng index tacked on 0.4 percent to end the day at 25,162.78 points, while the China Enterprises Index gained 0.6 percent to close at 11,749.08 points.
    South Korean shares edged up on Thursday marking its highest close in two weeks, with the Korea Composite Stock Price Index (KOSPI) was up 0.7 percent at 2,087.89 points from the previous close of 2,072.91.
  • Copyright Holder: REUTERS
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