Wednesday, 1 July 2015

Asian Market Update : Epic Research Malaysia

NIKKEISTOCKREUTERS.jpgAsian share markets were in a guarded mood on Wednesday as Greece became the first developed economy to default on a loan with the IMF, setting the scene for another day of uneasy action.

While an unwelcome milestone for Athens, it came as no surprise to investors after weeks of stop-start talks and the euro only faded a little to US$1.1135. "There is so much uncertainty, speculation, truth and partial truth that many markets are in stasis; waiting to see which way this goes," said Emma Lawson, senior currency strategist at National Australia Bank.

Calming after two days of wild swings, MSCI's broadest index of Asia-Pacific shares outside Japan inched up 0.1 per cent.

Japan's Nikkei firmed 0.2 per cent, a second day of small gains as it stabilises after Monday's steep fall.

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