Shares dipped on the Japanese stock exchange today (June 15th) amid concerns over Greece's economic future.
The European country is currently in stalemate with its creditors after weekend talks failed to end the deadlock.
According to Reuters, the Nikkei 225 was down 0.2 per cent to 20,373.24 points at the close of trading, having earlier dropped as low as 20,205.10 points.
Companies exposed to the global economy were the worst performers, with Panasonic and robotics manufacturer Fanuc both falling by one per cent.
Investors are concerned over the lack of progress in resolving Greece's financial crisis, with some convinced the country will eventually bow to creditors' demands and others predicting it to default, which would put its position in the eurozone at risk.
Tetsuro Ii, president at Commons Asset Management, said that while the market "has already priced in a default", it would be "another matter" if the country were to abandon the euro entirely.
GAIN Capital UK Limited (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.