Asian stock markets advanced early Friday, as the market rebound in China stayed on course for a second consecutive session. In the previous session, most regional bourses staged a turnaround in the afternoon session after fresh regulatory support from Beijing put a stop to the bleeding in the mainland markets. China’s Shanghai Composite closed up nearly 6 percent, but remains 34.85 percent off its peak on June 12.
Meanwhile, Greece offered new measures including a tax hike on shipping companies in the latest proposal sent to creditors on Thursday, as Athens raced against the clock to win new financial aid.
Overnight, U.S. stocks finished mildly higher, giving back more than half of opening gains as investors remained cautious on China and Greece. The Nasdaq Composite gained 0.3 percent, while the blue-chip Dow and S&P 500 ticked up 0.2 percent each.