Tue, 22 May 2012 09:03:42 GMT
Asian stocks climb higher on dip buying
Asian stocks rose on Tuesday amid increased bargain buying due to lower prices. Moreover, hopes that the EU leaders will help to resolve Greek crisis coupled with possible depreciation of the Yen provided stimulus for stock prices. Hong Kong's Hang Seng Index increased by 1.01% while Australia's S&P/ASX200 gained 0.68%. Meanwhile Japan's Nikkei 225 Index rose by 0.97%.