MARKETS-ASIA/OPEN Asia stocks edge up as Greece drama drags on

Record ID: 147372

  • Title: MARKETS-ASIA/OPEN Asia stocks edge up as Greece drama drags on
  • Date: 13th July 2015
  • Summary: TOKYO, JAPAN (JULY 13, 2015) (REUTERS) TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING (English): "JPX, TOKYO STOCK EXCHANGE" ELECTRONIC STOCK BOARD ALARM SOUNDING AT OPENING OF MARKET ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE OPENING AT 19929.92, UP 150.08 ELECTRONIC STOCK BOARD BEING UPDATED VARIOUS OF TSE STAFF WORKING VARIOUS OF ROTATING STOCK PRICE TICKER TSE MAR
  • Embargoed: 28th July 2015 13:00
  • Keywords:
  • Location: Australia
  • Country: Australia
  • Topics: General
  • Reuters ID: LVA4VFA1HVB4YR3SUWW1KWXHJM2X
  • Aspect Ratio: 16:9
  • Story Text: Asia markets edged up on Monday (July 13) as the euro steadied after an early dip while top-rated bonds stayed in demand as the Greek debt crisis seemed set to rumble on for yet another week, though the market mood was helped by improving trade numbers from China.
    Japan's Nikkei stock index rose 150.08 points to 19929.92 at the opening of trade on Monday (July 13). The broader Topix rose 16.77 points to 1600.32.
    Seoul shares edged up on Monday morning as near-bankrupt Greece averted the worst scenario after a weekend emergency summit which ended with no deal but more deadlines. The Korea Composite Stock Price Index (KOSPI) was up 0.4 percent to 2,040.14 points by 0213 GMT.
    Australian shares inched up 0.29 percent on Monday (July 13) but gains remained muted as investors stood on the sidelines waiting for clearer signals on the ongoing situation in Greece.
    The S&P/ASX 200 index rose 15.962 points to 5,508 by 0136 GMT. The benchmark edged up 0.4 percent on Friday (10 July), ending the week down 0.84 percent.
    Euro zone leaders had told the cash-strapped Greek government it must enact key reforms this week to restore trust before they will open talks on a financial rescue.
    Sweeping measures including tax and pension reforms must be enacted by Wednesday night (July 15) and the entire package endorsed by the Greek parliament before talks could start.
    Asian investors were also anxiously watching to see if China's stock markets could sustain last week's late rally after a barrage of government support measures.
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