Japanese
stocks fell for a third day after the yen strengthened by the most in
more than two months and as Greek negotiations continue in a bid to
cement its euro-area membership.
The
Topix index declined 0.7 percent to 1,649.86 as of 9:01 a.m. in Tokyo,
with all but one of its 33 industry groups dropping. The Nikkei 225
Stock Average fell 0.8 percent to 20,298.84. The yen traded at 124.60
per dollar after rising 0.9 percent Monday. Japan reports on machinery
tool orders and consumer confidence today, with Prime Minister Shinzo
Abe to give a briefing at the Group of Seven nations summit in Germany.
E-mini
futures on the Standard & Poor’s 500 Index added 0.1 percent. The
underlying measure slipped 0.7 percent on Monday to a two-month low as
investors considered the timing of a U.S. interest-rate increase and the
outlook for Greece’s debt talks.
Creditors
are growing increasingly exasperated with Greek Prime Minister Alexis
Tsipras’s negotiating tactics. U.S. President Barack Obama voiced his
concerns about the standoff over Greek financial aid at a summit of G-7
leaders. European Commission President Jean-Claude Juncker said Greece
is not doing enough to ensure it can stay in the euro.
Source : Bloomberg
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