Asian stocks tracked their U.S. peers higher on Thursday, but lingering uncertainty over Greece’s debt situation may cap gains. Less than 24 hours after he wrote a conciliatory letter to creditors asking for a new bailout, Greek Prime Minister Alexis Tsipras delivered a combative speech on local television, urging Greeks to vote “no” at the referendum on July 5.
The remarks come a day after the cash-strapped nation became the first advanced economy to default on debt to the International Monetary Fund (IMF).
Overnight, U.S. stocks finished higher, with the help of better-than-expected economic data. The Dow Jones Industrial Average and S&P 500 gained 0.79 and 0.69 percent, respectively, while the tech-heavy Nasdaq closed up 0.53 percent.