Japan™s Topix index swung between gains and losses as investors weighed corporate earnings and the yen held gains amid concern Greece™s rejection of an international bailout may lead to fresh turmoil in the euro zone.
Nissan Motor Co. jumped 3.3 percent after raising its annual profit forecast. Oil explorer Inpex Corp. gained 3 percent after crude prices gained Monday. Air-conditioner maker Daikin Industries Ltd. dropped 5.3 percent after Credit Suisse Group AG said operating profit missed market expectations. Pump maker Ebara Corp. lost 1.4 percent after cutting its full-year net-income forecast.
The Topix index fell 0.2 percent to 1,422.12 at the trading break in Tokyo, swinging from gains of as much as 0.2 percent. The Nikkei 225 Stock Average slipped 0.8 percent to 17,573.51. The yen traded at 118.49 after strengthening 0.4 percent Monday as demand grew for the haven currency as Greek officials seek short-term financing to head off a funding crisis.
Source : Bloomberg