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Asian markets mixed on Tuesday as investors digest Cyprus bailout

FXstreet.com (Barcelona) - Asian markets were mixed on Tuesday, with indexes such as Japan’s Nikkei Stock Average (-0.60%), Hong Kong’s Hang Seng (-0.19%) and Mainland China’s Shanghai Composite (-1.22%) falling, while South Korea’s Kospi (+0.30%), Bombay Sensitive (+0.05%) and FTSE Bursa Malaysia (+0.49%) edged higher. Investors are still reacting to headlines coming from the Eurozone regarding the bailout to Cyprus. Newly elected Eurozone President and Dutch Finance Minister Jeroen Dijsselbloem said that uninsured deposits should contribute to bank rescue before taxpayers.

Futures for the German DAX 30 (+0.32%) and the French CAC 40 (+0.39%) are signaling a higher opening ahead of an empty calendar in Europe, besides of French consumer confidence.

Forex: GBP/USD orbiting around 1.5200

The sterling is inching higher on Tuesday after yesterdays sell off, hovering over the key resistance of 1.5200 in an attempt to follow through that level...
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