Asia markets rise on Greek debt hopes

HONG KONG: Asian markets rose on Wednesday, tracking gains on Wall Street amid growing hopes that Greece will reach a bailout deal with creditors on its massive debt, and avoid a much-feared default.

The euro also got a boost after reports that a final debt rescheduling deal had been drafted and may be signed as a general strike gripped the nation, with demonstrators protesting against unpopular wage and pension cuts.

Tokyo was up 0.69 percent in morning trade, Sydney gained 0.28 percent while Seoul was trading 0.86 percent higher.

Hong Kong rose 0.66 percent in morning trade while Shanghai shares also moved into positive territory, inching up 0.26 percent. (AFP)