A Cautious Start Expected for Asian Equities

Asian share markets may claw back some losses on Tuesday after a surprise ‘No’ vote in Greece’s referendum Sunday sparked a selloff in the previous session.  The unexpected results raised fear that Greece could be forced to leave the euro zone, putting more strain on the European economy and impacting the stability of the currency union.

Japan’s Nikkei 225 may rebound after tanking 2.1 percent to a one-week closing low. Chicago and Osaka futures traded at 20,340 and 20,240, both above the benchmark index’s previous close of 20,112.

Australian equities will see a cautious start ahead of the Reserve Bank of Australia’s (RBA) policy meeting. Local futures edged up 0.3 percent to 5,451, a 23-point discount to the underlying S&P ASX 200 index.