Japanese stocks fell
as investors weigh China’s broadening equity rout and an ultimatum from
European leaders that they will force Greece out of the currency union
if a Sunday deadline isn’t met.
The Topix index lost
0.4 percent to 1,631.12 as of 9:01 a.m. in Tokyo, with all but seven of
its 33 industry groups declining. The Nikkei 225 Stock Average dropped
0.4 percent to 20,287.11.
China is suffering its
biggest stock rout since 1992 as leveraged investors exit the market
despite government measures aimed at stemming losses. Greece has five
days to submit a new set of reform proposals needed to earn more bailout
aid and bring its economy back from the brink. European Commission
President Jean-Claude Juncker said a scenario for Greece exiting the
euro has been prepared.
Source : Bloomberg
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