Japan Shares Break 18 Year High

Japan’s Nikkei index closed at its highest level for more than 18 years on Wednesday, as investor confidence rose further on hopes that Greece will avoid defaulting on its loans.

The benchmark Nikkei index closed up 0.28% at 20,868.03, marking its highest close since late 1996.
Eurozone leaders have broadly welcomed new proposals for Greek reforms.

Greek Prime Minister Alexis Tsipras is to hold fresh talks with his country’s creditors later.
Eurozone finance ministers are due to meet on Wednesday evening.

Mainland Chinese stocks rose as investors took advantage of cheaper shares after the benchmark Shanghai index fell by more than 13% last week.

Analysts also said investors who had been highly leveraged were probably now out of the market.
The Shanghai Composite Index ended up 2.5% at 4,690.15.

via BBC

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