Most of the Asian equity benchmarks are trading lower in the early deals on Tuesday despite investors resorted to bargain hunting, following the steep losses in the previous session after Greek voters overwhelmingly rejected a bailout offer by creditors in the weekend's referendum. The Japanese market gained as investors bought stocks on the dips, but uncertainty over Greece and China's efforts to rescue its slumping stock market limited the gains in Tokyo. Among the other markets in the Asian region, Shanghai, South Korea, Malaysia, Indonesia and Hong Kong are in negative territory. Meanwhile, Singapore and Taiwan are marginally higher.
KOSPI Index declined 17.55 points or 0.85% to 2,036.38, Hang Seng slipped 296.19 points or 1.17% to 24,940.09, FTSE Bursa Malaysia KLCI decreased 0.86 points or 0.05% to 1,716.19, Jakarta Composite dipped 22.42 points or 0.46% to 4,894.32 and Shanghai Composite was down by 120.27 points or 3.19% to 3,655.65.
On the flip side, Nikkei 225 rose 266.19 points or 1.32% to 20,378.31, Taiwan Weighted gained 5.93 points or 0.06% to 9,261.89 and Straits Times was up by 1.23 points or 0.04% to 3,334.17.