Asian markets up as European leaders struggle for Greece deal

Markets in Shanghai, Sydney and Tokyo all positive even as eurozone leaders struggled for a deal with indebted Greece

Asian markets rose on Monday while the euro was marginally lower as European leaders struggled to hammer out a debt reform deal to keep Greece in the eurozone, with a source saying a compromise had finally been found.

Shanghai continued its recovery from weeks of wild volatility as several companies returned to trading while China released mixed data showing a pick-up in export growth but two-way trade sinking in the first half of the year.

Related: Greece debt crisis: talk of compromise proposal as summit nears end - live

Tusk @eucopresident expects to reconvene #EuroSummit in 10 minutes on #Greece with compromise proposal