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Asia stocks advance after Greek austerity vote

Posted by Forexsq 100 days ago (http://www.marketwatch.com)
img Forexsq.com - Asian markets gained Monday after Greek lawmakers voted in favor of austerity measures required to secure bailout funds and avert a likely default.

Japan’s Nikkei Stock Average JP:100000018 +0.58% and South Korea’s Kospi KR:0100 +0.60% each closed 0.6% higher, while Australia’s S&P/ASX 200 index AU:XJO +0.94% advanced 0.9%.

Hong Kong’s Hang Seng Index HK:HSI +0.50% rose 0.5%, while the Shanghai Composite Index CN:000001 -0.0054% lagged the advance to finish flat as property stocks sold down.

Broad gains for Asia on Monday followed news that Greek lawmakers approved a package of austerity measures which international backers had demanded before signing off on 130 billion euros ($176.6 billion) worth of fresh aid.

The vote came amid violent protests in Athens against the latest round of deep spending cuts and public-sector job layoffs.

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