Most of the Asian equity benchmarks are trading up in the early deals on Monday, after Greece and its European creditors reached an agreement that staved off the immediate threat of bankruptcy and exit from the euro though hurdles remain to cementing the short-term funding deal. Japan's share average hit a new 15-year high, after euro zone finance ministers reached a deal to extend heavily indebted Greece's financial rescue by four months. Among the other markets in the Asia-Pacific region, Singapore, South Korea and Malaysia are trading marginally higher. Meanwhile, Hong Kong and Indonesia are down with modest losses. The markets in China and Taiwan remain closed for the Lunar New Year holiday.
Nikkei 225 gained 104.02 points or 0.57% to 18,436.32, FTSE Bursa Malaysia KLCI surged 0.92 points or 0.05% to 1,808.79, KOSPI Index jumped 7.62 points or 7.62% to 1,969.07 and Straits Times was up by 3.68 points or 0.11% to 3,439.34.
On the flip side, Jakarta Composite decreased 4.87 points or 0.09% to 5,395.24 and Hang Seng was down by 7.06 points or 0.03% to 24,825.02.
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