Asian Market Update : Epic Research Malaysia

Asian equity markets were mostly higher on Monday, but the mood was cautious amid uncertainty over Greece as an emergency summit of euro zone leaders continues.

European ministers are currently meeting in Brussels to review conditions for Greece to start negotiating bailout terms, including controversial measures like pension reforms. European Council President Donald Tusk has said the meeting will end only once it concludes talks. However, fears of a 'Grexit' are on the rise following the release of a German proposal that said "Greece should be offered swift negotiations on a time-out from the euro area."

Still, the euro remained resilient in early trading, down 0.3 percent to around 1.11 per dollar.

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