Asian shares bounce back from losses

Japanese shares led the region higher in early trade

Asian markets traded higher on Tuesday, recovering losses made a day earlier on fears that Greece would exit the eurozone, after voting no to bailout conditions from creditors.

Greeks rejected more austerity measures on Sunday, deepening the debt crisis which sent markets tumbling on Monday.

Investors were awaiting the Greek government’s new proposals to be unveiled at an emergency bloc meeting.

Japan’s benchmark Nikkei 225 was up 1.4% to 20,389.47 in early trade.

The euro also rebounded from Monday’s one week low to $1.1045 against the dollar.

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