Asian stocks steady after China stimulus, euro hurt by Greek woes

Asian stocks were firm on Tuesday after China's latest step to prop up its faltering economy lifted global equities, while the euro was pressured on growing worries a cash-strapped Greece may default on its debt. MSCI's broadest index of Asia-Pacific shares outside Japan was steady, with the dollar's gains against some Asian currencies offsetting a rise in stock prices in local currency terms. "China's action undid the damage caused by the crackdown (on speculative buying in Chinese stocks on Friday)," said Hirokazu Kabeya, chief global strategist at Daiwa Securities.

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