Thursday, February 19, 2015

Asian Equities Mixed With Japan at 15 Year High

Asian equities were mixed on the last trading day of the week as traders are playing wait-and-see whether Greece will apply for an extension of its bailout program before the Friday deadline.

Trading volumes will likely be thin for a second day due to market closures in China, Hong Kong, South Korea, Singapore, Taiwan and Malaysia.

News that Greece applied for an extension of euro zone financial support a day ahead of its Friday deadline underpinned gains. The Greek government requested a six-month assistance package, rather than an extension of the bailout. However, the request was rejected by Germany and will be discussed at a Eurogroup meeting scheduled later on Friday.

CNBC

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