MARKETS-ASIA/OPEN Asian markets tread water, China opens weak, investors watch Greek standoff

Record ID: 148665

  • Title: MARKETS-ASIA/OPEN Asian markets tread water, China opens weak, investors watch Greek standoff
  • Date: 2nd July 2015
  • Summary: TOKYO, JAPAN (JULY 2, 2015) (REUTERS) EXTERIOR OF TOKYO STOCK EXCHANGE BUILDING (TSE) TSE SIGN INTERIOR OF TOKYO STOCK MARKET CENTER TSE STAFF WORKING TOKYO MARKET OPENING ELECTRONIC STOCK BOARD SHOWING TOKYO MARKET OPENING PRICE AT 20565.94 UP 236.62 MORE OF INTERIOR OF TOKYO STOCK MARKET CENTER ROTATING STOCK PRICE TICKER SEOUL, SOUTH KOREA (JULY 2, 2015) (REUTERS) CARS
  • Embargoed: 17th July 2015 13:00
  • Keywords:
  • Location: Australia
  • Country: Australia
  • Topics: General
  • Reuters ID: LVADZIWGZZ57S17K3630JPXPFS76
  • Aspect Ratio: 16:9
  • Story Text: Asian shares lost early steadiness and Chinese stocks got off to a weak start on Thursday (July 2), while upbeat U.S. economic data helped the dollar gain as investors globally opted for caution due to Greece's stand-off with its creditors.
    In Japan, the Nikkei share average rose 1.16 percent to 20,565.94 on Thursday. The broader Topix gained 1.03 percent to 1,653.30.
    The Korea Composite Stock Price Index (KOSPI) opened up 0.44 percent at 2,107.11 points from the previous close.
    The Shanghai Composite Index was up 4.92 points at 4058.62 in the morning, The Shenzhen Component Index was down 1.64 points at 13649.18.
    As of 02:40 GMT, Hong Kong's Hang Seng Index was up 0.18 percent.
    Australian shares rose 0.81 percent, as buyers were attracted to all sectors after the market continued to remain calm despite the possibility of Greece leaving the Euro.
    The S&P/ASX 200 index rose 44.436 points to 5560.100 by 0218 GMT, headed for its third day of gains.
    Eyes are still fixed on Athens; Greek Prime Minister Alexis Tsipras called for a referendum on Sunday (June 28) that could determine his country's future in Europe. On Wednesday (July 1), Tsipras urged Greeks to reject an international bailout deal, souring hopes of any breakthrough.
    Investors have been expecting investors appetite for risk to be sapped in coming months by uncertainty over whether Greece can step back from an economic abyss after its debt default to the International Monetary Fund (IMF), and doubts over its future in the eurozone.
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