Asian markets rose on the first trading day of the Year of the Sheep, buoyed by a bailout deal between Greece and the euro zone last week. However, trading volumes remain light with China, Taiwan and Vietnam still closed for the Chinese New Year holiday.
Japan’s key Nikkei 225 index hit fresh 15-year highs at 18,499 for the third consecutive session on Monday, as the yen continued to trade in the 119 territory.
South Korea’s Kospi index retreated slightly from a two-and-a-half-month opening high on its first day of trade after being shut since last Wednesday, led higher by index heavyweights.
Singapore shares traded flat ahead of its inflation data for January at 1300 SIN/HK. The consumer price index (CPI) probably fell 0.3 percent from a year earlier for the third straight month, according to a Reuters poll, due to lower oil prices and transportation costs. Deputy Prime Minister and Finance Minister Tharman Shanmugaratnam will deliver the 2015 budget statement in the Parliament at 1530 SIN/HK, with analysts expecting it to be a “people’s budget.”
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