Market Report – Greece Woes Weigh

In today’s market report… strong U.S. data indicating the world’s largest economy was on the mend boosted the dollar, but worries about Greece’s bailout and China’s policy tightening curbed Asian share gains.

China’s key stock index fell to a seven-month low as investors reacted to the latest policy tightening by the central bank following a market holiday on Monday.

Australia’s central bank raised its key cash rate by 25 basis points to 4.5 percent but said lending rates were now around average in a sign it might pause in its tightening cycle, at least for a while.

Shares surrendered early gains to finish down 1 percent at a two-month low with the resource sector battered for a second day on prospective tax changes.

In South Korea, data from the United States, the largest export market for Asia, helped Hyundai Motor scale an all-time high after the car manufacturer posted record U.S. sales.

Foto: NTDTV