Asian markets react positively to Greece bailout deal

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Most of the Asian markets except for Shanghai and Hong Kong climbed on Tuesday after Greece and its creditors agreed a debt deal to keep it in the eurozone.

Tokyo climbed 1.50 percent as the yen retreated against a resurgent dollar, while Sydney added 1.66 percent and Singapore put on 0.50 percent. Taipei added 0.48 percent and Wellington put on 0.39 percent.

Shanghai was down 0.40 percent while Seoul was 0.33 percent lower.

After hours of negotiations, Greece and its creditors reached a conditional agreement for a third bailout program that consists of several tough austerity measures. European Council President Donald Tusk said the agreement comes with strict conditions but places Greece on a path of growth and helps regain trust.