Asian share markets cautious after Greece misses IMF loan payment

Euro fades only a little to $1.1136 as Greece becomes first developed economy to default on International Monetary Fund loan

Asian share markets were in a guarded mood on Wednesday as Greece became the first developed economy to default on a loan with the IMF, setting the scene for another day of uneasy action.

Although an unwelcome milestone for Athens, it came as no surprise to investors after weeks of stop-start talks, and the euro faded only a little, to $1.1136.

Related: Greek failure to make IMF payment deals historic blow to eurozone