Asian markets have rallied after support for pro-bailout parties in Greece's elections on Sunday.
New Democracy, which came top, has backed the two bailouts of Greece by the European Union (EU) and International Monetary Fund (IMF).
There had been fears that if anti-bailout party Syriza had won, Greece could have been forced out of the euro.
Japan's Nikkei 225 index and South Korea's Kospi gained 2.1%, while Australia's ASX 200 added 1.5%.
Antonis Samaras, the leader of the New Democracy party, said "the Greek people voted today to stay on the European course and remain in the eurozone".
"There will be no more adventures. Greece's place in Europe will not be put in doubt."
'Sense of relief'
The elections in Greece were being watched closely not just by eurozone leaders but also investors all across the globe.
Greece, which is suffering from a sovereign debt crisis, has received two bailouts in the past two years.
It was given an initial package worth 110bn euros (£89bn; $138bn) in 2010, followed by another one last year worth 130bn euros.
However, the EU and IMF have attached tough austerity measures, including state spending cuts, as pre-conditions to those packages.
There have been various demonstrations against those cuts in Greece and the Syriza party had said that it would renegotiate the conditions if it came to power.
It had led to fears that if eurozone leaders and Athens did not agree on the existing terms, Greece may be forced to leave the eurozone.
There were concerns that such a move may spread contagion to other eurozone countries and result in turmoil in the global economy.
Analysts said that because the highest number of voters had backed the pro-bailout New Democracy party, those fears had been allayed for now.
"There'll be a definite sense of relief spreading around today," said Masayuki Doshida a senior market analyst at Rakuten Securities.
The gains were not limited to stockmarkets.
The euro rose almost 1% against the US dollar, hitting a one-month-high of $1.2748 in early Asian trade.
Analysts said that even though the crisis in Greece has not been solved, the result of the elections had made some investors optimistic that it may have bottomed out.
"At some point in time, when the crisis does end, there will be a significant move of capital from across the world back into the EU," David Lennox of Fat Prophets told the BBC.
"We think that early punters are already taking the view that a floor has put under the crisis for now."
The price of oil also jumped, boosted by a weakening dollar and on hopes that consumer demand may pick up should stability return to the eurozone.
Brent crude rose 1.5% to $99.11 per barrel, while US light crude rose more than 1% to $84.97 per barrel.
Source: BBC News