Most Asian stocks fell
as Japanese shares slid on a stronger yen and investors awaited the
outcome of talks between Greece and its creditors.
About three shares
dropped for every two that advanced on the MSCI Asia Pacific Index,
which slipped less than 0.1 percent to 150.41 as of 9:02 a.m. in Tokyo.
Japan’s Topix index sank 0.3 percent after the yen gained 0.5 percent
against the dollar on Tuesday. The impasse over Greece’s future lingered
as both sides worked on rival proposals for the conditions of a
financial lifeline with debt payments looming. Bonds in Australia and
New Zealand tracked a selloff in European and U.S. debt that was
reignited Tuesday.
Greek Prime Minister
Alexis Tsipras heads to Brussels for talks after finding himself boxed
into a corner as creditors prepare to deliver a final proposal to end
the stalemate over a financial lifeline. After European leaders and the
head of the International Monetary Fund held talks in Berlin on Monday
night, creditors agreed on a document designed to avert a default that
will be presented to Greece. Tsipras said the only plan on the table was
one his government submitted.
Australia’s
S&P/ASX 200 Index fell 0.1 percent, as did New Zealand’s NZX 50
Index. South Korea’s Kospi index added 0.1 percent. Markets in China and
Hong Kong have yet to open.
Source : Bloomberg
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