Shares in Asian markets rise on Greek confidence vote

Asian markets have been riled by fears that Europe's debt crisis will worsen

Asian shares opened higher on Wednesday on optimism that Greece will not default on its debts, after the government won a crucial confidence vote.

Japan's Nikkei 225 index and South Korea's KOSPI were up about 1% in early trading.

The Asian gains came after US shares closed higher on Tuesday.

A Greek default could hit European banks and would hurt the finances of other eurozone countries.

Oil prices were little changed on the news.

Blog Archive