Asia: Most stocks higher, but Greek election results hit Japan
Most Asian stocks were higher on Monday except in Japan following anti-austerity party Syriza's win at the Greek election on Sunday.
Japan's Nikkei-225 was down 0.25% amid the implications of the election results to the Eurozone.
The yen rose against the euro at ¥132.59, but weakened against the dollar to ¥118.17, with both movements denoting an up-tick in risk aversion.
However, other stocks gained as economists expected an absolute majority win, which did not happen. The anti-austerity party won 149 out of 300 seats, just three seats short of the number necessary.
Syriza has agreed to a coalition with the right-wing Independent Greeks party to form a government.
Shanghai was up 0.94% and Hong Kong's Hang Seng rose by 0.24% as the People’s Bank of China last week injected $8bn worth of short-term loans into the country’s financial system in order to bolster economic growth.
Oil prices were slightly lower, early on Monday, with WTI falling 1.1% at $45.11 a barrel and Brent dropping 1.2% to $48.22 a barrel.
Australian markets were closed on Monday due to the celebration of Australia Day.