Overseas Trading: Global Markets Rise On Greek Vote

The Greek parliament voted in favor of the country's new bailout plan

by Karee Venema

Published on Jul 16, 2015 at 8:06 AM

Markets in Asia rose today, after the Greek parliament voted in favor of the country's bailout plan. In China, the Shanghai Composite experienced another volatile session as hundreds of stocks resumed trading, eventually settling with a 0.5% win -- and snapping its two-day losing streak. Elsewhere, Japan's Nikkei and South Korea's Kospi each tacked on 0.7%, both amid weakening currencies, while Hong Kong's Hang Seng added 0.4%.

European benchmarks are comfortably in the green at midday, following the Greek parliament's austerity vote. Focus will now be on European Central Bank (ECB) President Mario Draghi, who is slated to hold a press conference at 8:30 a.m. E.T. on the situation in Greece, as well as the ECB's latest monetary policy decision. At last check, the French CAC 40 and the German DAX are flirting with 1.6% leads, while London's FTSE 100 is up 0.6%.

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