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Asian markets muted amid Cyprus uncertainty

6:14 AM, Mar 22, 2013   |    comments
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HONG KONG (AP) - Japanese stocks tumbled today as investors were disappointed by a lack of specifics from the new central bank chief on boosting the economy while other Asian markets fluctuated because of uncertainty over Cyprus' troubled bank restructuring.

The Mediterranean nation is trying to raise about $7.5 billion to avoid bankruptcy. If it can't, the European Central Bank has threatened to cut off emergency support for its banks, which would devastate its economy and possibly force it out of the euro.

The dollar fell against the euro and the yen.

Benchmark crude oil rose to near $93 a barrel.


 

 

 

 

 

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