Asian equity markets and commodity prices fell sharply on Monday, as investors rattled by a radical rescue plan, Cyprus and accumulation into safer assets, including the dollar and gold.
Euro zone finance ministers hope plug people pay 9.9% deposit in return for 1 billion euros ($1.307 billion) aid package.
If the island council approval on Monday, it will be the first deposit is part of the foot, the European bailout bill, the worry is that the model could be a precedent, the future in the euro zone's bailout.
Government sources said Cyprus at the last minute advice, softening the impact of small depositors of the bank at the heart of the deposit after the bail-out, parliamentary vote has been delayed until Monday.
The most widely MSCI Asia Pacific shares outside Japan. .miapj0000pus > index fell 1.5%, to its lowest level since January 2. This is the biggest one-day fall in two weeks.
Materials department. MIAPJMT00POUS cause London copper fell 1.7% to $7619.50 per ton fell by 1.8% in the slides.
And brent crude oil fell by 1.4%, to $91.17 a barrel and $108.32 respectively. (O/R)
Resources depend on the Australian stock market (.axjo.) fell 1.4%.
As a safe-haven asset under the drive of a sharp risk aversion, driving spot gold 1% as high as possible to 3 week high of $1608.30 an ounce. Gold is the final transactions rose 0.3%, to $. (GOL)
The dollar strengthened by 0.6%, to 82.782 (.dxy against a basket of major currencies, step by step to seven-month high of 83.166 hit last Thursday.
"What happened this morning is the best described as a preventive of selling market, and some profit-taking and the position of the light, in this case escalation," CMC Markets in Sydney, chief market analysis division, said.
Risk markets have seen the same one-day big action, in the past few months, although today, the market has so far remained trading range over the past few months.
Here is the right things to get worse potential here, worry that the toughness of shows in Europe's creditor countries can make use of European bailout funds last weekend more difficult and, in turn reduces at the European central bank bond purchases the effectiveness of the safety net, he says.
Since this year's market rally has been based on a hypothesis, namely the short-term risk is significantly reduced, some buying momentum may be winding up, if you want to change this perception.
"Type this on the phone but it is too early, we must start from what's happening here. What is the first step will not Cyprus parliament. If they refuse to accept such measures, then the market could at least see some increase in uncertainty during the negotiations," he said.
The yen rose
The yen rose broadly, brief exposure to 93.45 yen, early in Asia against the dollar from 96.11 yen in late Friday in New York greatly strengthened. This is the last trading day in 94.65. Around 124.93 yen late Friday, the euro fell to a low of 121.585 yen against the dollar, at 122.12 in the end.
Risk sensitive of the Australian dollar in volatile trading losses in the two years before settle down 98.04 yen yen.
As early as Monday, the euro against the dollar hit a three-week low of $1.2895, below the near $1.30 late Friday, and maintain pressure.
The yen's rally on the Japanese stock market, the nikkei stock index (N225) fell by 2.1% on average. (T)
As a lead to the decline of the jpmorgan rebound in the dow Jones industrial average 10 ends, Wall Street stocks fell Friday, while European stocks from four and a half year highs.
Although Cyprus development how to affect the broader euro zone markets uncertainty of late Monday, will drag on investor confidence in Asia, some people say that the spread of risk worries too much.
"There will be chaos in Cyprus and investors are just looking for headlines about the situation, to become a model, saito said:" YuJi, credit agricole head of foreign exchange in Tokyo.
"I suspect, will cause the entire eurozone contagion risk in Cyprus, the country's size is too small and the industrial structure is very different, from other euro members, Cyprus, is dependent on tourism and the financial sector," said saito.
In February China's stocks fell, part of the concerned authorities to tighten their grip on average new home after property prices in 70 major Chinese cities rose 2.1%, from the same period last year, according to Reuters calculations, according to official data released on Monday, marking the second straight month of year-on-year growth.
 



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