Asian Market Update

Asian stocks were mostly higher on Monday morning as investors cheered a last-minute deal to extend Greece's bailout by four months, giving Athens a lifeline to pay its bills and avoid a damaging default.

Tokyo led the charge with the benchmark Nikkei extending a 15-year high as it rose 0.81 per cent by the break, while Sydney was up 0.52 per cent, Wellington added 0.11 per cent, and Seoul climbed 0.41 per cent. Hong Kong fell 0.53 per cent.

Exchanges in Taiwan and mainland China are closed for the Lunar New Year holiday.