Asian Equities Higher with Eyes on Greece

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.


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