Asian stocks rose, with the regional index on course for a third day of gains, as investors weighed negotiations between European leaders and Greece.
The MSCI Asia Pacific Index added 0.4 percent to 141.63 as of 9:10 a.m. in Tokyo after dropping 3.7 percent last week. E-mini futures on the Standard & Poor’s 500 Index retreated 0.5 percent, while Japan Topix index added 1.1 percent as the yen pared earlier gains.
Euro-area leaders presented Greek Prime Minister Alexis Tsipras with a laundry list of unfinished business from previous bailouts he’d pilloried in opposition and during six turbulent months in office.
China reports trade data after two days of gains in the Shanghai Composite Index, where about half of companies were halted following a recent selloff. Even after an 11 percent two-day rebound, the benchmark equity gauge is down 25 percent since June 12.
Australia S&P/ASX 200 Index declined 0.2 percent, as did New Zealand NZX 50 Index. South Korea Kospi index climbed 0.2 percent.
Source : Bloomberg