AFP, Hong Kong :
The euro rebounded on Tuesday after being hit by concerns about Greece’s bailout reform talks, while Shanghai added to the previous day’s strong rally after China’s interest rate cut raised hopes for further economy-boosting measures.
However, regional investors still remain jittery about proceedings in Europe as Athens warned it is close to running out of money, while Wall Street also provided a negative lead.
Tokyo reversed early losses thanks to bargain buying and ended marginally up, adding 3.93 points to close at 19,624.84. Sydney rose 0.88 percent, or 49.50 points, to 5,674.70 hours before the government unveils its budget later in the day.
Shanghai jumped 1.50 percent in late trade a day after rallying more than three percent.
Hong Kong retreated 0.40 percent in late exchanges and Seoul closed flat, edging down 0.61 points to 2,096.77.
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 750 million euros ($840 million) 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 7.2-billion-euro tranche of its 240-billion-euro 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 percent, the S&P 500 dropped 0.51 percent and the Nasdaq lost 0.20 percent.
The euro rebounded on Tuesday after being hit by concerns about Greece’s bailout reform talks, while Shanghai added to the previous day’s strong rally after China’s interest rate cut raised hopes for further economy-boosting measures.
However, regional investors still remain jittery about proceedings in Europe as Athens warned it is close to running out of money, while Wall Street also provided a negative lead.
Tokyo reversed early losses thanks to bargain buying and ended marginally up, adding 3.93 points to close at 19,624.84. Sydney rose 0.88 percent, or 49.50 points, to 5,674.70 hours before the government unveils its budget later in the day.
Shanghai jumped 1.50 percent in late trade a day after rallying more than three percent.
Hong Kong retreated 0.40 percent in late exchanges and Seoul closed flat, edging down 0.61 points to 2,096.77.
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 750 million euros ($840 million) 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 7.2-billion-euro tranche of its 240-billion-euro 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 percent, the S&P 500 dropped 0.51 percent and the Nasdaq lost 0.20 percent.
