Asian stock markets were mostly higher on Wednesday as European leaders inched toward containing a debt crisis that threatens to derail global economic growth.
Japan's Nikkei 225 index rose 0.2 per cent to 8,625.40. Australia's S&P/ASX 200 was 0.8 per cent higher at 4,034.60 and South Korea's Kospi gained 0.3 per cent to 1,740.57. But Hong Kong's Hang Seng sank 0.8 per cent to 17,982.25.
Wall Street stocks rose broadly on Tuesday amid the encouraging signs from Europe.
Greece's finance minister said that country would receive the next round of bailout loans in time to avoid a default. Greece was at risk of running out of money by mid-October if it did not receive the funds.
Germany's chancellor
Angela Merkel also said her country would do whatever it could to help
Greece regain investors' confidence.
The Dow rose 1.3 per cent to close at 11,190.69. The Standard & Poor's 500 index rose 1.1 per cent to 1,175.38. The Nasdaq composite rose 1.2 per cent to 2,546.83.
European markets also closed sharply higher. Germany's DAX rose 5.3 percent, France's CAC-40 5.7 per cent. Britain's FTSE 100 rose 4 per cent.
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