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Showing posts with the label Asian Markets at Close Report; march 26

Asian Markets at Close Report; march 26, 2013.: Asia stocks weaken as Cyprus optimism fades; by V. Phani Kumar and Sarah Turner, MarketWatch

By V. Phani Kumar and Sarah Turner , MarketWatch  HONG KONG (MarketWatch) — Most Asian markets declined Tuesday as investors fretted about the implications of the Cyprus bailout agreement for other euro-zone countries, with commodity and financial stocks leading the retreat.  The broad losses came in the wake of downbeat cues from the European and U.S. stock markets on Monday, amid concerns that deposit holders in ailing European economies other than Cyprus may also be at risk in the future. Here’s the gloss on those Dutch minister’s Cyprus comments.   “The relief rally that followed the 10 billion euros ($13 billion) Cyprus deal made way for growing concerns that this approach may become the ‘new norm’ for any future bailout of troubled banks,” said Matthew Sherwood, head of investment research at Perpetual Investments. Reuters “More importantly, this de