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Asian markets slipped on Tuesday on renewed fears that Greece will default on its debt obligations, while Shanghai bucked the trend after China released data showing inflation at its lowest level in more than five years.
Investors took their cue from New York and Europe as the new anti-austerity government in Athens refused to back down on demands to renegotiate its bailout, putting on a collision course with its creditors.
Tokyo fell 0.64 per cent, Hong Kong gave up 0.19 per cent, Sydney fell 0.32 per cent, Seoul was 0.29 per cent lower and Shanghai gained 0.38 per cent.
MALAYSIA share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 1.24 points to 1812.74.
Volume was 47.87 million lots worth RM21.24 million.
Gainers outnumbered losers 98 to 64.
Platinum for April delivery PLJ5, +0.50% rose $6.20, or 0.5%, to $1,227.80 an ounce, while palladium for March delivery PAH5, +0.61% added $2.95 to $784.25 an ounce. High-grade copper for March delivery HGH5, -0.60% fell one cent, or 0.5%, to $2.57 a pound.
March silver SIH5, +1.80% added 8 cents, or 0.5%, to $16.77 an ounce.
Nymex reformulated gasoline blendstock for March RBH5, +0.11% -- the benchmark gasoline contract--rose 129 points to $1.5720 a gallon, while March diesel traded at $1.8394, 3 points higher.
Gold prices bounced back on Monday after investors last week showed an increasing appetite for riskier assets.
Gold for April delivery GCJ5, +0.47% rose $5.40, or 0.4%, to $1,240 an ounce. Prices hit the lowest settlement since Jan. 14 in the prior session and lost 3.5% for the week.
