Asian stocks were rallying on Monday after the pro-bailout party in Greece was projected to have won enough seats to lead a coalition government.
Around 1:30 a.m. EST, Japan’s Nikkei index was up 2%, Hong Kong’s Hang Seng Index was up 1.2%, and Korea’s Kospi had advanced 1.9%.
Commodities also showed strength — Nymex crude futures were trading 1% higher at $84.90 per barrel. Chinese oil company CNOOC (CEO) was up 2.5% in Hong Kong trading.
Barron’s Jonathan Buck expects European markets to rally.
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