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Japan's Nikkei hits one-month high | |
(about 7 hours later) | |
Japan's Nikkei share index rose sharply on Tuesday, helped by a weaker yen and by the calm reaction in US and European markets to the Greek election result. | |
Asia took its cue from Wall Street, where shares reversed early falls to end the day slightly higher. | |
In Tokyo, the benchmark Nikkei 225 closed up 1.7% at 17,768.3 - its highest close since late December. | |
The dollar firmed against the yen to 118.20 from Monday's low of 117.26. | |
Toyota's shares rose 1.2% after a local report that the carmaker will change the way it pays factory workers, focusing on their performance rather than their seniority. | |
China profits weak | |
Shares in China fell after data showed that factory profits grew at their weakest rate in two years in 2014. | |
Profits for large Chinese industrial companies rose 3.3% last year from 2013, while profits shrank 8% in December - the worst performance in at least a year. | |
The Shanghai Composite dropped 0.7% to 3,358.82, while Hong Kong's Hang Seng index fell 0.4% to 24,805.95. | |
Australian shares were higher after being closed for a public holiday on Monday. | Australian shares were higher after being closed for a public holiday on Monday. |
The S&P/ASX 200 closed up 0.8% at 5,547.2, despite a measure of business conditions falling further in December as earnings and employment softened. | |
National Australia Bank's monthly survey showed its index of business conditions eased to below its long-run average. | |
In South Korea, shares were boosted by a central bank survey which showed that consumer sentiment had improved in January for the first time in four months. | |
The Bank of Korea's consumer sentiment index ticked up to 102 from a revised 101 in December. | |
A reading above 100 indicates that consumers who expect economic conditions to improve outnumber those expecting them to worsen. | |
The benchmark Kospi index finished up 0.9% at 1,952.4, a one-month high. |