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Asia stocks gain on Greece rescue hopes; Nikkei up 0.31%

Published 02/10/2010, 02:50 AM
Updated 02/10/2010, 02:52 AM
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Most stock markets in Asia rose on Wednesday, amid reports that eurozone nations were preparing to provide a rescue package for debt-ridden Greece and after Wall Streets' gains on Tuesday. 

The Shanghai Composite Index climbed 1.14%; Hong Kong's Hang Seng Index was up 0.8%; Japan’s Nikkei 225 Index rose 0.31%; and Australia's S&P/ASX 200 was up 0.18%. 

However, South Korea's Kospi Composite Index fell 0.02%. 

Earlier Wednesday, major financial news outlets quoted German sources as saying that eurozone governments have agreed in principle to come to Greece's assistance. 

The outlook for European markets, meanwhile, was rosy as France’s CAC 40 futures indicated a rise of 0.73%; Germany's DAX futures pointed to an increase of 0.82%; EURO STOXX 50 futures indicated a rise of 0.97%; and Britain's FTSE 100 futures pointed to a rise of 0.57%.

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