Shares in Asia traded higher this morning, after hopes that Greece could reach a last minute deal.

Greece missed the deadline yesterday for a 1.6 billion euro payment to the IMF, however, ministers said they were willing to discuss a new proposition brought by Alexis Tsipras yesterday.

Nikkei 225 share index was up 0.11% at 20,257.77in mid-morning trade and South Korea’s benchmark Kospi was up 0.8% at 2,090.77.

The Shanghai Composite, however, is still down 5.2%.