Thursday, 16 July 2015

Asia shares higher in early trade Thursday after Greek vote, US$ up after Yellen

Asian stocks were mostly higher on Thursday after the Greek parliament approved a bailout plan while the dollar stood tall after Federal Reserve Chair Janet Yellen reinforced expectations for a U.S. rate hike.

Japan's Nikkei rose 0.5 percent, as did Australian shares. South Korea's Kospi was up 0.2 percent.

MSCI's broadest index of Asia-Pacific shares outside Japan was flat, with the focus on how Chinese shares will fare when they begin trading.

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.

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