Asian markets surged Monday and the euro rose after Greek pro-austerity parties won enough votes to form a government, but optimism it will stay in the eurozone was tempered with warnings that the future remains uncertain.
The news was also welcomed by governments in Japan and China -- two of Europe's biggest debtors -- with them calling for leaders in Greece to act quickly to form a cabinet.
Tokyo stocks jumped 1.77 percent, or 151.70 points, to 8,721.02, Sydney was 1.96 percent higher, or 79.6 points, at 4,136.9, while Seoul climbed 1.81 percent, ending up 33.55 points at 1,891.71.
In the afternoon Hong Kong surged 1.24 percent and Shanghai added 0.58 percent.
Dealers cheered Sunday's result, which saw the New Democracy party win about 30 percent of the vote, just ahead of the radical Syriza group which had campaigned on the promise of tearing up an EU-IMF bailout agreement.
While New Democracy did not win outright it will now be able to form a coalition with the left-leaning, pro-austerity Pasok party.
The news boosted the single currency, which surged to morning highs of $1.2727 and 100.86 yen before paring those gains to sit at $1.2709 and 100.64 yen.
That was up from $1.2644 and 99.47 yen in New York trade late Friday.
The election in Greece was the second in six weeks after May 6 polls failed to produce a government, stoking fears that the political stalemate would paralyse efforts to bring the country back from the brink.
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