DHAKA: Asian markets turned negative Thursday on concerns about Greece’s debt reform after talks between the country’s officials and creditors fell apart and its leader accused them of rejecting his proposals.

While both sides agreed to resume talks later in the day, there are fears they could fail to reach an agreement to unlock crucial bailout funds, leaving Athens in default and possibly crashing out of the eurozone.

Tokyo slipped 0.46 percent, or 96.63 points, to 20,771.40, Sydney shed 0.95 percent, or 54.1 points, to close at 5,632.7 and Seoul was marginally lower, easing 0.47 points to 2,085.06.

Shanghai tumbled 3.46 percent, or 162.37 points, to 4,527.78 as investors take profits after a surge of more than 140 percent over the past year, while a crackdown on margin trading has also seen a wind-down in trading, reports The Straits Times.

BDST: 1811 HRS, JUN 25, 2015
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