TOKYO: Most Asian markets edged up Monday after Greece tentatively extended its bailout package, with Japan stocks hitting a fresh 15-year high.
The Nikkei Stock Average was up 0.8%, Australia’s S&P/ASX 200 was up 0.4% and Hong Kong’s Hang Seng Index was up 0.3%, as investors continued to monitor a new plan between troubled Greece and its international creditors. Geek leaders are expected to present a detailed proposal Monday of how they will honor bailout terms during a four-month extension.
The risk of negotiations falling apart capped gains in Asia. Stocks in Malaysia fell 0.1%, but the region was mostly following gains in the U.S. Friday. News was light in Asia, with some exchanges reopening after a break for the Lunar New Year. Markets in mainland China and Taiwan remain closed.
