Japan's Nikkei average slipped from a three-month high on Tuesday after Greek leaders delayed a decision yet again on the unpopular terms of a new $170 billion bailout, tempering optimism over the health of United States' economy.
"This is mostly profit-taking and not panicked selling on the Greek default concerns. There is a strong sense of belief that the Greek bailout will be decided at the last minute," said Ryota Sakagami, chief strategist of equity research at SMBC Nikko Securities.
Gains in Japan Tobacco (2914.T) and shippers offered support to the Nikkei .N225, which eased 0.1 percent to 8,917.52 after hitting a three-month closing high on Monday following U.S. jobs data that beat market expectations. (Reuters)
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