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Asian Markets Down on Greek and US Rate Concerns

2024-12-25OANDAOANDA
Asian shares were down 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. […]

Asian shares were down 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.

Meanwhile, expectations are growing of a US interest rate hike in September after an upbeat jobs report last week.
Japan’s benchmark Nikkei 225 closed down 1.8% at 20,096.30 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 dollar was at 124.54 yen, well below the 125.52 yen mark in Tokyo on Monday.

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