Nikkei and Australia stock market gains as Eurozone debt crisis close to deal

Asian stocks market gains, Tokyo and Sydney gained in Asia on Monday as investors responded to reports that a deal on Greece's debt was within sight after proposals were swapped at the weekend ahead of a crucial meeting. As reported from investing dot com, European leaders are to hold emergency talks in Brussels on Monday about Greece’s bailout agreement, which is due to expire on June 30. Nikkei 225 gained 0.78% after the break,

Meanwhile In China are to remain closed for the Dragon Boat Festival holiday. According to latest economic data released on Monday showed that Chinese stock investors reduced leveraged positions in Shanghai for the first time in a month, Bloomberg reported.

The outstanding amount of margin debt on the Shanghai Stock Exchange fell to 1.479 trillion yuan ($238 billion) on Friday from a record 1.483 trillion yuan the previous day, the first decline since May 22, Bloomberg said. And another Asian stocks market, from Shanghai shares sank 6.4 percent Friday to cap their worst week since the global financial crisis in 2008. Last week, U.S. stocks fell broadly on Friday reversing some of the gains from the previous session, as the ongoing Greek Debt crisis and dovish remarks from Federal Reserve chair Janet Yellen earlier in the week continued to weigh. In spite of Friday's mild losses, stocks on the major indices still posted one of their best weeks in two months after Thursday's Fed-inspired surge. It is becoming increasingly likely that the FOMC could wait until December, or maybe for next year