Asia markets higher, Shanghai plunges

HONG KONG: Asian markets mostly rose on Wednesday as investors shrugged off Greece’s default, with Tokyo lifted by an upbeat survey on business confidence, but Shanghai’s volatile run continued, plunging more than 5 percent.

The euro edged down against the dollar after Athens failed to service its debt to the International Monetary Fund, and analysts warned of continued uncertainty, even after Greeks vote in a weekend referendum, which is effectively a poll on eurozone membership.