Asian Markets Explode Higher, Nikkei Up Nearly 2%

Japan Nikkei Markets Trading Man Equity Exchange

Photo: Kiyoshi Ota/Getty Images

Asian markets have opened sharply higher, starting the week up nearly two per cent as the pro-bailout party narrowly took parliamentary elections in Greece.Japan’s Nikkei 225 is up 1.9 per cent, at 8,726.

Sony is leading the rally higher, up five per cent.

Australia’s S&P/ASX 200 is 1.6 per cent higher, while China’s Shanghai Stock Exchange has barely moved.

The euro has also moved higher on elections in Greece, with the currency trading at $1.2706.

U.S. futures are marginally in the green, with all three major indices showing a half a percentage rise at the open.

SEE ALSO: Traders Are Betting That These 14 Banks Will Default >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at