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| Asian shares down on Greek exit fears | Asian shares down on Greek exit fears |
| (about 1 hour later) | |
| Asian markets traded lower on Tuesday as fears of a Greek debt default and exit from the eurozone escalated. | |
| Investors were worried after Greece's Prime Minister Alexis Tsipras vowed over the weekend to stand by his anti-austerity promises, raising fears of a default on $360bn (£236bn) of debt. | Investors were worried after Greece's Prime Minister Alexis Tsipras vowed over the weekend to stand by his anti-austerity promises, raising fears of a default on $360bn (£236bn) of debt. |
| The Athens stock market closed down nearly 5%. | The Athens stock market closed down nearly 5%. |
| In Japan, the benchmark Nikkei 225 was down 0.6% at 17,600.14, while the dollar was at 118.51 yen. | |
| China's inflation woes | |
| Chinese shares opened mixed after data showed that consumer inflation rose less than expected in January, showing ongoing weakness in the economy. | |
| Inflation rose 0.8% versus forecasts of 1%, and that compared to 1.5% in December. | |
| The producer price index also missed forecasts, dropping 4.3% - marking its 35th consecutive monthly decline. | |
| The Shanghai Composite was up 0.2% at 3,101.17, while Hong Kong's Hang Seng index was down 0.3% at 24,452.38. | |
| In Australia, shares headed lower after data showed that house prices grew below expectations in the last three months of 2014, compared with a year earlier. | In Australia, shares headed lower after data showed that house prices grew below expectations in the last three months of 2014, compared with a year earlier. |
| Prices rose 6.8% against forecasts of a 7.1% increase and had grown 9% in the third quarter. | Prices rose 6.8% against forecasts of a 7.1% increase and had grown 9% in the third quarter. |
| A monthly measure of Australian business conditions by National Australia Bank also stayed subdued in January as manufacturers reported tough times. | A monthly measure of Australian business conditions by National Australia Bank also stayed subdued in January as manufacturers reported tough times. |
| The S&P/ASX 200 was lower by 0.4% at 5,794.4. | |
| South Korean shares were down after data showed that department store sales in January fell nearly 10% from a year ago, which is the most in a decade and worst on record. | |
| Sales at the country's top discount stores fell by 20.7% in January from a year earlier - marking the worst decline since February last year. | |
| The benchmark Kospi index was down 0.4% at 1,939.91. |