TOKYO |
TOKYO (Reuters) – Markets edged down on Tuesday as Greek resistance to the strict conditions attached to a bailout fund sapped recent momentum spurred by hopes the global economy is improving, and the euro eased on renewed fears of a messy debt default.
The Australian dollar leapt to a six-month high but stocks turned negative after the central bank held rates steady at a review. Markets had positioned for a rate cut.
Opinion remained split over whether the wrangling over Greece’s debt restructuring talks would eventually be resolved or trigger contagion across other vulnerable euro zone countries, tempering risk-taking investments.
MSCI’s broadest index of Asia-Pacific shares outside Japan rose as much as 0.4 percent to its highest in more than five months, before reversing direction to stand down 0.2 percent.
Japan’s Nikkei average fell 0.3 percent, slipping from a three-month high just shy of 9,000 hit on Monday.
“Concerns over the Greece issue are limiting real risk taking from investors, even if the environment generally
Read More from the Article Source: Full Article
