ASIA PACIFIC

STOCKS rose yesterday as Greece presented a new plan to stave off default before an emergency summit in Brussels. The MSCI Asia Pacific index added 0.9 percent to 148.56 points as of 5.08pm in Tokyo, the most in two months. Markets in China were yesterday shut for a holiday. The Hang Seng index advanced 1.2 percent, while Japan’s Topix index climbed 1.1 percent, led by banks which rose the most in a month. Greek Prime Minister Alex Tsipras’s new offer “was a good basis for progress” at the summit, European Commission spokesman Martin Selmayr, said on Twitter. – Bloomberg