Japanese stocks lost ground on Tuesday despite Greek bailout agreement

Note: This section contains information in English only.
Source: Dukascopy Bank
"There's consensus that Greece is in a tough situation and its outlook is gloomy"
- Takeru Ogihara, chief strategist in Tokyo at Mizuho Trust & Banking Co.

Japanese stocks fell on Tuesday even after euro area finance ministers agreed to a 130 billion euro Greek bailout.
The Nikkei 225 shed 0.23%, or 22.07 points, to 9,463.02. The broader Topix erased 0.33%, or 2.74, to 816.29.

"There's consensus that Greece is in a tough situation and its outlook is gloomy," said Takeru Ogihara, chief strategist in Tokyo at Mizuho Trust & Banking Co., a unit of Japan's third-largest lender by market value.

"The markets had priced in the bailout agreement to a degree, and we are seeing profit-taking after the event."

© Dukascopy Bank
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