At 8:21 hours IST: Asian markets retreated on Wednesday due to eurozone worries. Chinese Shanghai Composite fell 2.97 points to 2,370.33 and Hong Kong's Hang Seng declined 276.56 points or 1.45% to 18,762.59.
Japan's Nikkei 225 Average lost 105.83 points or 1.21% to 8,623.46 and Singapore's Straits Times Index was down 29.76 points or 1.05% to 2,793.99.
South Korea's Kospi Composite Index went down 22.61 points or 1.24% to 1,806.08 and Taiwan Weighted slipped 100.54 points or 1.38% to 7,174.35.
Former Greek Prime Minister Lucas Papademos says preparations for the country's exit from the euro zone are being considered, but will be very damaging. He says such a move is unlikely to materialize but the risk is real.
READ MORE ON Asian markets retreat on eurozone woes, Asian markets, Nikkei, Japan, South Korea's Seoul Composite, Taiwan's Taiwan Weighted, Hong Kong’s Hang Seng, Singapore's Straits Times
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Dont see mkt going anywhere now; like Bharat Forge: Dipen