Most of the Asian equity benchmarks are trading up in the early deals on Tuesday on hopes that Greece's conditional bailout agreement would bring to an end that country's debt crisis, though caution kept broad gains in check. The Japanese market gained after Greece agreed to a debt deal with its creditors, lifting all sectors while the weaker yen supported overall sentiment. Among the other Asian markets, South Korea, Singapore, Indonesia, Malaysia and Taiwan are up with modest gains. Meanwhile, Shanghai and Hong Kong are marginally lower.
Nikkei 225 surged 315.07 points or 1.57% to 20,404.84, FTSE Bursa Malaysia KLCI increased 7.60 points or 0.44% to 1,723.71, KOSPI Index rose 2.84 points or 0.14% to 2,064.36, Straits Times gained 1.81 points or 0.05% to 3,313.03, Jakarta Composite jumped 30.16 points or 0.62% to 4,924.08 and Taiwan Weighted was up by 29.82 points or 0.33% to 9,063.74.
On the flip side, Hang Seng declined by 145.09 points or 0.58 % to 25,078.92 and Shanghai Composite was down by 12.55 points or 0.32% to 3,957.84.