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Asian Market Update

Thursday, 12 February 2015


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The euro slipped in Asian trade Thursday while most equity markets sank after talks between Greece and its European creditors on restructuring the country's bailout broke up without agreement.

Japanese investors bucked the regional trend, lifting the Tokyo market as the yen retreated against the dollar thanks to investors betting on the US Federal Reserve hiking interest rates by the middle of the year.

Japan's Nikkei, which was closed Wednesday for a public holiday, rallied 1.78 per cent.

However, Hong Kong lost 0.16 per cent, Shanghai fell 0.18 per cent and Seoul dipped 0.44 per cent.

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