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Asian Market Update

Tuesday, 10 February 2015



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.

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