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Tokyo, Sydney stocks rise; Hong Kong declines

Posted by Forexsq 107 days ago (http://www.marketwatch.com)
img Forexsq.com - Japanese and Australian markets rallied Monday after a surprisingly strong U.S. employment report aided an upbeat performance for exporters and stocks in the resource sector.

But Hong Kong stocks reversed strong early gains, while mainland Chinese and South Korean stocks ended little changed after a higher opening, amid caution over Greek debt talks.

“The better-than-expected U.S. January jobs report released at the end of last week helped to buoy risk appetite as equities continued to rise. However, there is plenty of event risk on the horizon this week, not least of which is the Greek debt and bailout negotiations, which have yet to be agreed upon,” said Mitul Kotecha, head of global forex strategy at Credit Agricole.

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