Asian Stocks Climb After Rout as Investors Weigh Greece Crisis
ByAsian stocks rose, with the regional benchmark index rebounding from the biggest drop since February 2014, as investors weighed developments in Greece’s debt crisis before an emergency meeting of European leaders.
The MSCI Asia Pacific Index gained 0.4 percent to 144.06 as of 9:02 a.m. in Tokyo after falling 2 percent on Monday. The initial shock waves that hit markets after Greece’s decision to call a referendum on austerity terms dissipated into a ripple by the end of Monday trading, as investors speculated the crisis wouldn’t spread beyond the nation’s borders. Greece is now under pressure to come up with a plan to stay in the euro after Greeks voted to reject further austerity in Sunday’s vote…
Asian Stocks Climb After Rout as Investors Weigh Greece Crisis
