Asian stocks rose
after Greek lawmakers passed a bailout agreement that keeps the country
in the euro for now as the European Central Bank weighs whether to pump
more money into Greece.
The MSCI Asia Pacific
Index gained 0.2 percent to 143.71 as of 9:03 a.m. in Tokyo. Greece’s
parliament endorsed the bailout without the support of Prime Minister
Alexis Tsipras’s Syriza bloc, as riot police tussled with protesters
outside. The new austerity measures are a precondition for as much as 86
billion euros ($94 billion) in aid. Federal Reserve Chair Janet Yellen
was upbeat on the economy and repeated that the Fed will probably raise
its main interest rate this year.
China economic growth
proved resilient in the second quarter as policy makers stepped up
support and a stock market boom since soured spurred services.
Industrial output in June rose 6.8 percent, while fixed-asset investment
increased 11.4 percent in the first half, beating estimates, the
National Bureau of Statistics data also showed. Retail sales increased
10.6 percent in June, topping a median forecast of 10.2 percent.
Source : Bloomberg
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