Asia markets up as Greece voters back pro-bailout party

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Asian markets have rallied after support for pro-bailout parties in Greece's elections on Sunday.

New Democracy, which came top, has backed the two bailouts of Greece by the European Union (EU) and International Monetary Fund (IMF).

There had been fears that if anti-bailout party Syriza had won, Greece could have been forced out of the euro.

Japan's Nikkei 225 index rose 1.8%, South Korea's Kospi gained 2% and Australia's ASX 200 added 0.6%.

Antonis Samaras, the leader of the New Democracy party, said "the Greek people voted today to stay on the European course and remain in the eurozone".

"There will be no more adventures. Greece's place in Europe will not be put in doubt."

Source & Image : BBC