Friday, February 13, 2015

Asia Ex Japan Stock Markets Rise After Greek Hope

Asian markets traded mostly higher on Friday as investors kept a close eye on developments in Europe and hopes for a deal with Greece.

Greece said it would talk to creditors about fixing its debt problem when another round of meetings begins later on Friday.

However, Japan’s Nikkei 225 fell 0.4% to 17,913.36 after closing at its highest since July 2007 on Thursday.

Friday’s fall was put down to profit-taking and a strengthening in the yen.

The dollar fell back to 118.93 yen, from Thursday’s level of 120.27. A stronger yen is a disadvantage for Japanese exporters as it makes their products more expensive abroad.

Chinese shares traded higher, following US gains overnight, but investors remained cautious ahead of a long Chinese New Year holiday.

via BBC

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