Japanese
stocks fell, with the Nikkei 225 Stock Average halting four days of
gains that pushed it to an 18-year high, as talks between Greece and its
creditors remained deadlocked.
The
Topix index lost 0.5 percent to 1,671.78 as of 9:01 a.m. in Tokyo as
all but two of its 33 industry groups declined. The Nikkei 225 slipped
0.3 percent to 20,796.82, after closing Wednesday at its highest level
since December 1996.
The
downbeat tone from Berlin reinforced the brinkmanship at play, with
finance ministers set to convene again Thursday. Greece faces a June 30
deadline to repay about 1.5 billion euros ($1.7 billion) to the
International Monetary Fund.
E-mini
futures on the Standard & Poor’s 500 Index added 0.1 percent. The
underlying gauge fell 0.7 percent in New York on Wednesday amid the
Greek talks and as revised data showed a bigger gain in consumer
spending helped the world’s largest economy contract less than
previously estimated. Gross domestic product fell at a 0.2 percent
annualized rate in the first quarter, compared with a previously
reported 0.7 percent drop.
Source: Bloomberg
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