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Asian markets mixed on Tuesday as investors digest Cyprus bailout

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.
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Forex: AUD/USD upside capped at 1.0480

The Aussie dollar is extending its momentum on Tuesday, orbiting around 1.0470 after another failed attempt to break above 1.0480, which acted as a tough barrier for AUD bulls on Monday as well...
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