"The market is moving in anticipation of the worst-case scenario because we don't know what will happen"
- Shintaro Takeuchi, portfolio investment group manager at Tokio Marine & Nichido Fire Insurance Co.
Japanese stocks fell on Tuesday on political gridlock in Greece.
The Nikkei 225 fell 0.81%, or 73.10 points, to 8,900.74. The broader Topix erased 1.23%, or 9.28, to 747.40.
"The market is moving in anticipation of the worst-case scenario because we don't know what will happen" in Greece, said Shintaro Takeuchi, portfolio investment group manager at Tokio Marine & Nichido Fire Insurance Co.
"The Greek turmoil has yet to dent economic fundamentals, but sentiment is causing a sell-off, particularly in Japanese equities."
© Dukascopy Bank