Japanese stocks rebounded after investors in the U.S. shrugged off the threat posed by Greece’s rejection of austerity measures.
Toyota Motor Corp., the world’s biggest carmaker by market value, added 0.6 percent. Parcel-delivery company Yamato Holdings Co. increased 2.4 percent after saying it will ally with Rakuten Inc. for an online-shopping delivery service. Seven Bank Ltd. added 5.5 percent after saying its U.S. unit will be the sole provider of automated-teller machines at U.S. 7-Eleven Inc. convenience stores. Oil explorer Inpex Corp. sank 0.7 percent after crude prices traded near their lowest in five months.
The Topix index added 1 percent to 1,637.23 at the close of trading in Tokyo, after dropping 1.9 percent on Monday. The Nikkei 225 Stock Average advanced 1.3 percent to 20,376.59. E-mini futures on the Standard & Poor’s 500 Index rose 0.5 percent after the underlying gauge lost just 0.4 percent on Monday. The Europe Stoxx 600 Index fell 1.2 percent.
Source : Bloomberg