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Asian markets fall amid fears over Cyprus bailout deal  BBC

Japan's Nikkei 225 index and Hong Kong's Hang Seng fell 2%, while Australia's ASX 200 dipped 1.4%.

Analysts said that investors were sceptical about how the developments in Cyprus may affect other bigger eurozone economies which may also need bailout funds in the future.

The big fear being that, if approved, the plan may set a precedence for those countries.

"There will certainly be confusion in Cyprus and investors looking just at headlines may fret about its case becoming a model," said Yuji Saito, director of foreign exchange at Credit Agricole in Tokyo.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Mar 17th, 2013 at 11:35:27 PM EST

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