Asian Equities Fall after Greece’s ‘no deal’

Asian shares mostly stepped into negative territory on Thursday, tracking a negative lead from Wall Street after negotiations between Greece and its creditors hit a stalemate overnight.

The Eurogroup meeting ended on Wednesday without any agreement, raising the risks of a Greek debt default once again. Officials are slated to reconvene on Thursday, according to Finland’s finance minister.

Overnight, U.S. stocks finished in the red, with the Dow Jones Industrial Average ending nearly 1 percent lower. The S&P 500 and tech-heavy Nasdaq shaved off 0.7 percent each as investors dropped riskier assets like stocks amid the rising possibility of a Greek default.