Most of the Asian equity benchmarks are trading lower in the early deals on Tuesday, after the latest talks between Greece and its European creditors failed to reach agreement on bailout terms as the Greek government runs low on cash. The Japanese market declined on losing momentum as investors considered the implications of conservative earnings guidance from Japanese companies and volatile bond markets. Among the other markets in the Asian region, South Korea, Japan, Singapore, Hong Kong and Malaysia are lower. Meanwhile, Shanghai, Indonesia and Taiwan are up with modest gains.
Nikkei 225 dipped 75.63 points or 0.39% to 19,545.28, Straits Times slipped 7.20 points or 0.21% to 3,463.60, KOSPI Index contracted 3.13 points or 0.15% to 2,094.25, Hang Seng crumbled 87.38 points or 0.32% to 27,630.82 and FTSE Bursa Malaysia KLCI was down by 5.19 points or 0.29% to 1,800.30.
On the flip side, Jakarta Composite surged 28.99 points or 0.56% to 5,201.47, Shanghai Composite rose 28.79 points or 0.66% to 4,362.38 and Taiwan Weighted was up by 0.63 points or 0.01% to 9,664.35.