Asian equities surge, as Greece gets reduced borrowing costs

Note: This section contains information in English only.
Source: Bloomberg
© scanpix/AFP
Asian shares gained for the fifth consecutive day as European finance ministers agreed on decreasing Greek borrowing costs and prolonged their payback period. The MSCI Asia Pacific Index (MXAP) surged 0.5% to 123.92, extending the gains since mid-September. Meanwhile, Japanese Nikkei 225 Stock Average rallied 0.6% and South Korea's Kospi Index added 1%, whereas Chinese Shanghai index dropped 1.1% touching its lowest level since January 23 in 2009.

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Tue, 27 Nov 2012 07:52:17 GMT

Aussie reaches 2-month high on Greek decision

Australia's Dollar reached a two-month high as the Eurozone finance chiefs reached agreement on Greece's debt burden and funding gap. The Aussie Dollar gained 0.1% to $1.0479 after earlier climbing to $1.0490, the strongest level since September 21. The Australian Dollar rose 0.4% to 86.24 yen. The Kiwi traded 0.2% above the close in New York at 82.34 U.S. cents.

Tue, 27 Nov 2012 07:30:14 GMT

Loonie fall as Mark Carney becomes BOE chief

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