Asian stocks and the euro faltered on Tuesday, as a rally that had been driven by expectations of a second bailout package for Greece ran out of steam with a deal still not quite sealed. Euro zone finance ministers were expected to approve a 130-billion-euro rescue with strict conditions after months of uncertainty that has shaken the currency bloc, although work remained to be done to make the numbers add up.
"Share market tips around the world have rallied recently, driven in part by hopes that Greece will clinch a bailout deal,"
MSCI's broadest index of Asia Pacific shares outside Japan and Tokyo's Nikkei share average both inched down 0.1 percent.
Both indexes have started 2012 strongly, with the MSCI benchmark up 13.5 percent and the Nikkei up 12 percent for the year-to-date, outperforming an 8 percent rise in Wall Street's S&P 500
The euro edged down 0.3 percent to around $1.3210, pulling back from a one-week high reached in the previous session.
In commodity markets, U.S. crude hovered near a nine-month high close to $105 a barrel, partly driven by Iran's cutting off of oil exports to Britain and France, while gold was little changed around $1,733 an ounce.
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