The leading exchanges in Asia traded mostly higher on Thursday, after the Greek Parliament voted in favor of the proposed terms for a third rescue package.
China stock markets rebounded slightly after Wednesday’s heavy race.
On the Tokyo Stock Exchange increased Nikkei 225 0.7 percent to 20,600 while the broader Topix was up 0.9 percent to 1,661.
Greece’s parliament voted on Wednesday night through the proposed reform package with a clear majority. An approval was the condition for talks on the third rescue program worth about 86 billion euros, to boot. At the same time pressed Prime Minister Alexis Tsipras is now among itself and is expected to announce a cabinet reshuffle on Thursday, according to sources.
On Friday, should the German lower house Bundestag vote on whether to approve started negotiations. IMF president Christine Lagarde has once again drawn attention to the need for restructuring of Greece’s debt, while the German Finance Minister Wolfgang Schäuble reiterated that an impairment loss is excluded.
China stock markets were up after yesterday’s race. A quarter of the shares listed on the mainland stock markets remain stopped trading on Thursday. Trading was choppy during the day and were both far above and below zero.
“It takes a long time for investors to regain confidence after the stock market crash,” said Xiao Shijun, an analyst with Guodu Securities Dow Jones Newswires.
The recovery on Thursday indicated that Wednesday’s race may have been the light of technical factors, rather than investor sentiment, said a brokerage director of the news agency.
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