Most of the Asian equity benchmarks are trading up in the early deals on Monday following the positive cues from Wall Street and European markets last Friday. However, investors are treading cautiously amid uncertainty over the Greek debt crisis. The Japanese market gained after sharp rallies in US shares encouraged investors to buy stocks on dips, but the market stayed wary of developments in Greece. Among the other Asian markets, Shanghai, Hong Kong, South Korea, Singapore, Indonesia and Taiwan are also higher. Meanwhile, Malaysia is marginally lower.
Nikkei 225 gained 315.34 points or 1.59 % to 20,095.17, Hang Seng surged 55.04 points or 0.22 % to 24,956.32, Shanghai Composite jumped 88.32 points or 2.28 % to 3,966.12, KOSPI Index increased 24.60 points or 1.21 % to 2,055.77, Straits Times rose 14.75 points or 0.45 % to 3,294.63, Taiwan Weighted added 106.81 points or 1.20 % to 9,020.94 and Jakarta Composite was up by 24.83 points or 0.51 % to 4,883.86.
On the flip side, FTSE Bursa Malaysia KLCI was down by 2.11 points or 0.12 % to 1,713.47.