Asian shares rise on hopes for Greek deal

Asian shares rose on Tuesday after Greece's latest budget proposals raised hopes it would stave off a debt default and reach a deal with lenders later this week. Financial spreadbetters predicted Germany's DAX .GDAXI to gain as much as 0.7 per cent, and France's CAC 40 .FCHI 0.6 per cent. But Britain's FTSE 100 .FTSE was called to open 6 points lower, or down 0.05 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.6 per cent, while Japan's Nikkei share average .N225 jumped 1.9 per cent. China stocks ended sharply higher. At the end of session, the CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.2 per cent, to 4,786.09, while the Shanghai Composite Index gained 2.2 per cent, to 4,576.49 points. Australian shares rose on Tuesday. The S&P/ASX 200 index rose 1.3 per cent or 74.1 points to 5684.3. New Zealand's benchmark NZX 50 index closed flat, up just 0.1 point to finish the session at 5772.1, according to Reuters.