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Market Update

Asian Markets End Higher; Sydney up 0.9%

Asian markets closed in the positive territory Monday after Greek parliament approved austerity measures required to secure fresh tranche of bailout funds even as weak data from Japan and China failed to dampen market sentiment.

At close, the Nikkei was up 0.6% as of 12:53 pm in Tokyo. The Shanghai Composite pared initial losses and ended flat while the Hang Seng added 0.5%. The Sensex gained 0.2% and the S&P/ASX All Ordinaries advanced 0.9%.