Most Asian markets retreated on Tuesday and the euro edged further
down following losses on Wall Street as traders grow increasingly
nervous about Greece's debt talks.
However, Shanghai added to the
previous day's strong rally after China's weekend interest rate cut
raised hopes for further measures to bolster the world's number two
economy.
Tokyo slipped 0.51% and Hong Kong lost 0.36% while Seoul shed 0.12% and Singapore dipped 0.23%.
However, Shanghai added 0.48% after running up more than three percent Monday, and Sydney gained 0.28%.
US shares ticked down on Monday, ending a two-day advance, as nerves set in over Greece's bailout reform talks.
Athens
has managed to garner enough money to repay the International Monetary
Fund €750m ($840m) and avoid a default, keeping it from tumbling out of
the eurozone for now.
However, the bloc's finance ministers, meeting in Brussels, said Greece could not hope for any of the final €7.2bn tranche of its €240bn EU-IMF bailout until it makes key reforms.
And with Greek Finance Minister Yanis Varoufakis admitting the country faced an imminent crisis, investors fear for its future in the eurozone.
On Wall Street the Dow fell 0.47%, the S&P 500 dropped 0.51% and the Nasdaq lost 0.20%.
The euro extended a recent fall, buying $1.1139 and ¥133.91 in Tokyo on Tuesday, compared with $1.1154 and ¥133.97 in New York. It is also well off the $1.1208 and ¥134.25 at the end of last week.
Tokyo slipped 0.51% and Hong Kong lost 0.36% while Seoul shed 0.12% and Singapore dipped 0.23%.
However, Shanghai added 0.48% after running up more than three percent Monday, and Sydney gained 0.28%.
US shares ticked down on Monday, ending a two-day advance, as nerves set in over Greece's bailout reform talks.
However, the bloc's finance ministers, meeting in Brussels, said Greece could not hope for any of the final €7.2bn tranche of its €240bn EU-IMF bailout until it makes key reforms.
And with Greek Finance Minister Yanis Varoufakis admitting the country faced an imminent crisis, investors fear for its future in the eurozone.
On Wall Street the Dow fell 0.47%, the S&P 500 dropped 0.51% and the Nasdaq lost 0.20%.
The euro extended a recent fall, buying $1.1139 and ¥133.91 in Tokyo on Tuesday, compared with $1.1154 and ¥133.97 in New York. It is also well off the $1.1208 and ¥134.25 at the end of last week.
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