MARKETS-ASIA/CLOSE Asia shares pressured by weak China, doubts persist on Greece

Record ID: 146621

  • Title: MARKETS-ASIA/CLOSE Asia shares pressured by weak China, doubts persist on Greece
  • Date: 14th July 2015
  • Summary: TOKYO, JAPAN (JULY 14, 2015) (REUTERS) TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING (English): "JPX, TOKYO STOCK EXCHANGE" ELECTRONIC STOCK BOARD ALARMING AT CLOSING OF MARKET ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE CLOSING AT 20,385.33 UP 1.5 PERCENT TSE MARKET CENTER VARIOUS OF TSE STAFF WORKING VARIOUS OF ROTATING STOCK PRICE TICKER TSE MARKET CENTER SEOUL, SO
  • Embargoed: 29th July 2015 13:00
  • Keywords:
  • Location: China
  • Country: China
  • Topics: General
  • Reuters ID: LVA95W3BIKXIG4ZT31SW8NULD8QP
  • Aspect Ratio: 16:9
  • Story Text: Most Asian shares turned lower on Tuesday (July 14) after the initial relief on Greece's conditional bailout agreement gave way to caution, as investors waited to see if the Greek parliament would accept harsh austerity measures as part of the deal.
    The Nikkei share average, which advanced for a third straight day, nevertheless outperformed, rising 1.5 percent to 20,385.33, its highest close in a week and a half. The broader Topix gained 1.6 percent to 1,638.71.
    But the Korea Composite Stock Price Index (KOSPI), which rose the previous three days, slipped 0.1 percent to 2,059.23 points, from Monday's (July 13) close of 2,061.52.
    China's key share indexes also fell, following three days of rebound, as a sharp correction in blue chips offset gains in small caps.
    But there were few signs of panic selling - the kind of desperate mood seen in the recent rout - with many stocks ending the session in positive territory, even as hundreds of companies resumed share trading, and regulators launched a fresh crackdown on grey-market margin financing.
    The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 2.4 percent, to 4,112.15, while the Shanghai Composite Index lost 1.1 percent, to 3,924.49 points.
    The Hang Seng index fell 0.4 percent to end the day at 25,120.91 points, while the China Enterprises Index lost 1.4 percent to close at 11,836.17 points.
    Later on Tuesday, Greece's Prime Minister Alexis Tsipras will face a showdown with members of his own party over the bailout agreement, under which Greece can get a possible 86 billion euros ($95 billion) over three years if it can satisfy its European partners that it is meeting their conditions.
    The terms imposed by Athens' international lenders led by Germany obliged Tsipras to abandon his pledge to end austerity.
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