14 Jul 2015
Asia rallies on Greek deal frenzy, Australian ASX leads +1.6%
FXStreet (Mumbai) - The euphoria surrounding Greek deal reached on Monday drove Asian markets higher, as increasing investors' risk appetite sent stock markets around the globe higher.
Japanese stocks also received fresh impetus from a weaker yen as the Japanese currency suffered from lack of safe-haven demand, boosting exports stocks higher. Nikkei on Tokyo is now advancing 1.50% to trade at 20391.75.
Chinese equities extended its recovery mode in to a fourth-day with Shanghai Composite Index (SSEC) rallying nearly 1.19% and breaking higher above 4k barrier.
The benchmark Australian S&P/ASX 200 index rallied 1.66% to 5,564 in Sydney, with miners leading the way on Tuesday after some positive movements in commodity prices overnight.
Nikkei Technical Levels
The index has an immediate resistance stands at 20500. Meanwhile, support is seen at 20225 levels and from here to 20089 levels.
Japanese stocks also received fresh impetus from a weaker yen as the Japanese currency suffered from lack of safe-haven demand, boosting exports stocks higher. Nikkei on Tokyo is now advancing 1.50% to trade at 20391.75.
Chinese equities extended its recovery mode in to a fourth-day with Shanghai Composite Index (SSEC) rallying nearly 1.19% and breaking higher above 4k barrier.
The benchmark Australian S&P/ASX 200 index rallied 1.66% to 5,564 in Sydney, with miners leading the way on Tuesday after some positive movements in commodity prices overnight.
Nikkei Technical Levels
The index has an immediate resistance stands at 20500. Meanwhile, support is seen at 20225 levels and from here to 20089 levels.