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| Asian shares hit by fears over Greece and US rate rise | |
| (35 minutes later) | |
| Asian markets were mixed on Tuesday as investors continued to worry about a Greek debt default and the timing of a US interest rate rise. | Asian markets were mixed on Tuesday as investors continued to worry about a Greek debt default and the timing of a US interest rate rise. |
| Fears of a Greek debt default continued to weigh on markets as the country's bailout programme is due to expire at the end of June with no deal in place. | Fears of a Greek debt default continued to weigh on markets as the country's bailout programme is due to expire at the end of June with no deal in place. |
| Meanwhile, expectations are growing of a US interest rate hike in September after an upbeat jobs report last week. | Meanwhile, expectations are growing of a US interest rate hike in September after an upbeat jobs report last week. |
| Japan's benchmark Nikkei 225 was down 0.7% to 20,321.95 on a firmer yen. | |
| The US dollar was lower after media reports that US President Barack Obama had told the G7 summit in Germany that the strong dollar "posed a problem". | The US dollar was lower after media reports that US President Barack Obama had told the G7 summit in Germany that the strong dollar "posed a problem". |
| The dollar was at 124.64 yen, well below 125.52 yen in Tokyo on Monday. | The dollar was at 124.64 yen, well below 125.52 yen in Tokyo on Monday. |
| China inflation data | |
| Chinese shares headed lower in early trade despite inflation data for May being in line with expectations. | |
| Consumer prices rose 1.2% from the previous year, compared to forecasts of 1.3%, while producer prices fell 4.6% against expectations of a 4.5% decline. | |
| Hong Kong's Hang Seng index was down 0.3% to 27,247.39, while the Shanghai Composite was trading flat at 5,129.58. | |
| In Australia, the S&P/ASX 200 index was up 0.2% to 5,508.1 after being closed the previous day for a holiday. | |
| Last week, the benchmark index slid nearly 5%, marking its worst weekly performance in three years. | Last week, the benchmark index slid nearly 5%, marking its worst weekly performance in three years. |
| Shares of Nine Entertainment fell as much as 21% marking an all time low after the TV broadcaster said it expects full year profit to fall more than previously forecast. | |
| South Korean shares headed higher after data showed that annual sales at its department and discount stores both rose in May for the first time in three months. | South Korean shares headed higher after data showed that annual sales at its department and discount stores both rose in May for the first time in three months. |
| But, the government warned that an outbreak of the Middle East Respiratory Syndrome (MERS) threatened ongoing recovery. | But, the government warned that an outbreak of the Middle East Respiratory Syndrome (MERS) threatened ongoing recovery. |
| The benchmark Kospi index was up 0.4% to 2,073.13. |