Asia Stocks Reverse Yesterday’s Losses on Greek Rescue
This article is for subscribers only.
Asian stocks rose, with the benchmark index reversing yesterday’s losses, as euro-area finance chiefs gathered to complete a second Greek bailout. Shares also climbed on expectations of rising U.S. retail sales.
HSBC Holdings Plc, Europe’s biggest bank by market value, rose 1.4 percent in Hong Kong. Wynn Macau Ltd., a unit of the casino operator founded by billionaire Steve Wynn, jumped 8.6 percent after Deutsche Bank AG said Macau casino revenue may grow 25 percent. Camera maker Canon Inc. dropped 0.7 percent in Tokyo, reversing gains after the Bank of Japan decided against expanding its asset-purchase program and the yen strengthened.