Asian Markets Up but Investors Still Edgy Over Greece
Asian markets recover some ground on value hunting after last week's heavy losses, but investors remain wary over the euro zone despite world leaders calling for Greece to stay in the monetary union.
(CNBC/REUTERS) TOKYO - The FTSE CNBC Asia 100 Index which measures markets across Asia, inched up 0.1 percent.
Japan's Nikkei average edged up, with short-covering prompting a recovery from the sharp losses of the previous session, and a call from world leaders for Greece to remain in the euro zone helping to soothe investors' jitters.
The Nikkei put on 0.3 percent to 8,633.89 after sliding 3 percent on Friday to log a seventh straight week of losses, its longest such run since 2001, as the euro zone debt crisis and concerns over global growth intensified. The Topix slipped 0.1 percent to 725.15, with volume hitting a two-week low, indicating a lack of conviction for the rebound.