Asian Markets Rally on Greek Vote

As Fly has so often proclaimed, the status quo will not just roll over.

The outcome of the Greek election sparked a rally in risk assets in Asia as investors were cheered by the victory of pro-bailout New Democracy party, as the results pushed up both currencies and stocks, with Japan’s Nikkei Average reaching a one-month high.

The winning party has already started informal talks with the country’s socialist party to form a new government, with a cross-party coalition likely to be formed by Wednesday.

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