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Asia stocks flat in holiday trading; Nikkei down

Japan's benchmark stock index fell on Monday after the central bank's survey, using a smaller than expected improve the atmosphere of doing business.
For the march quarter tankan index from minus minus 8 to 12 in December, less than analysts had expected improvement. Index is lower than zero means that the pessimist than optimists.
In Tokyo, the nikkei 225 average fell 0.9%, to 12283.75. South Korea's Kospi index dropped 0.3%, to 1998.41. In the mainland China market is mixed. Benchmark increase in the Philippines and Indonesia.
In Australia and Hong Kong market extension of the Easter holiday weekend shut down.
European stock markets finished Friday of the holiday, and continue to do so on Monday. This will not be until Tuesday, investors will see how the market in Cyprus, Banks to Open Day (Thursday) for the first time in nearly two weeks to respond to events.
Cyprus as a rescue vehicle part of the deal, agreed to hold large depositors. Banks have been closed, to avoid the rush to exit.
Large depositors in Cyprus's big Banks may be forced to accept losses of up to 60%, far more than initially estimated according to the European rescue plan to save the nation from collapse, officials said Saturday.
A move that drew immediate criticism, some analysts say Cyprus customers impose greater losses on Banks could further squeeze has been deformed, Cyprus trying to rebuild the banking exchange of international rescue packages.
Wall Street after a three-day holiday restart later on Monday. Investors will focus on U.S. manufacturing and construction spending data in February in March.
In electronic trading on the New York mercantile exchange for delivery in May benchmark crude fell 16 cents, to $97.07 a barrel. The contract rose 65 cents, closing at $97.23 a barrel on the New York mercantile exchange (Thursday). Markets closed Friday holiday.
In the currency, the euro fell to $1.2780, from $1.2822 late Thursday in New York. The dollar fell to 93.91 yen from 94.13 yen.
 



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