Asian Market Update : Epic Research Malaysia

Asian shares were mixed on Tuesday following long-awaited deals in Greece and Iran, while attention also fell on China's recent stock rebound.

Relief that European negotiators finally reached a deal for a third Greek bailout on Monday saw global markets rally overnight, with the Dow, S&P 500 and Nasdaq ending 1 percent higher, while the French CAC 40 led gains in Europe by 2 percent. Still, experts warn that the chances of Greece leaving the euro zone remain high.

"Although this deal reduces the risk of Grexit in the interim, it still remains a significant issue in the medium term. Greek politics could collapse under the strain of this new deal and the subsequent elections that may transpire.

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