Asian Equities Expected Higher on Dovish Yellen

Asian equities appear set for a firm open on Wednesday after Federal Reserve Chair Janet Yellen reassured Wall Street that a rate hike would likely come later rather than sooner.

Meanwhile, news that finance ministers from the euro zone approved Greece’s new bailout plan could support sentiment. Athens submitted a list of reform proposals at around midnight on Monday, in return for a four-month extension on its bailout package.

Australia’s S&P ASX 200 index ticked up 0.2 percent in early trade, with the help of robust gains among big miners like Fortescue Metals, BHP Billiton and Rio Tinto, which opened up more than 1 percent each.

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