Most of the Asian equity benchmarks are trading up in the early deals on Monday, shrugging off the weak lead from Wall Street on Friday, as investors were encouraged by hopes of a resolution to the Greek debt crisis. The Japanese market gained on hopes that 11th-hour proposals from Greek Prime Minister Alexis Tsipras would appease its creditors and help avert a default. Among the other Asian markets, Taiwan, South Korea, Hong Kong, Singapore, and Malaysia are in positive territory. Meanwhile, Indonesia is down with modest losses and shanghai market is closed for Dragon Boat Festival.
Nikkei 225 gained 163.83 points or 0.81% to 20,338.07, Hang Seng increased 117.50 points or 0.44% to 26,878.03, Taiwan Weighted surged 145.36 points or 1.58% to 9,363.73, Straits Times jumped 22.38 points or 0.68% to 3,323.34, FTSE Bursa Malaysia KLCI added by 11.54 points or 0.67% to 1,733.31 and KOSPI Index was up by 9.21 points or 0.45% to 2,056.17.
On the flip side, Jakarta Composite was down by 18.73 points or 0.38 % to 4,966.27.