Asian equities were mostly higher early Tuesday, drawing support from the new records on the Dow Jones Industrial Average and S&P 500 overnight, and as investors eyed risks of a Greek default.
Athens said on Monday it needed a debt deal by the end of the month or it could default.
“That is something to be worried about. If Greece does default and exit the euro zone, that is clearly going to rattle the markets,” OCBC Group Wealth Management’s vice president Vasu Menon told CNBC’s “The Rundown” on Tuesday. “But with Greece being just 2 percent of the euro zone economy and exposure of European banks to Greek government debt being minimal, I think [the impact from] Greece is going to be ring fenced.”
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