By Chris Becker
Its all about Greece again as European stock markets sold off quickly on news of the breakdown in talks between Athens and its creditors. A lower than expected industrial production print in the US didn’t help either, adding to the risk off move.
Recapping Asia, the Shanghai Composite fell 2% to 5063 points, just above support at 5000. In Japan, the Nikkei 225 continues to tread water, ending the cash session with a scratch day but making some more gains in futures. This is still a sideways market at best and requires further Yen weakness to get moving again:
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