HONG KONG, March 19: Asian markets mostly rebounded on Tuesday while the yen fell against the dollar and euro as concerns over the eurozone abated on news Cyprus was reworking a controversial savings levy.

Tokyo jumped 2.03 per cent, or 247.60 points, to end at 12,468.23, Seoul gained 0.53 per cent, or 10.38 points, to 1,978.56 and Shanghai climbed 0.78 per cent, or 17.41 points, to 2,257.43.

However, Hong Kong suffered a late sell-off to end 0.19 per cent lower, shedding 41.50 points to 22,041.86, while Sydney dropped 0.56 per cent, or 28.0 points, to 4,987.4.

In other markets: Taipei rose 0.35 per cent, or 27.13 points, to 7,838.47. HTC rose 3.75 per cent to Tw$249.0 while Taiwan Semiconductor Manufacturing Co. fell 0.5 per cent to Tw$100.0.

Jakarta climbed 0.41 per cent, or 19.80 points, to 4,822.63. Astra Agro Lestari rose 1.37 per cent to 18,500 rupiah, Indosat gained 3.23 per cent to 6,400 rupiah, while Indofood Sukses Makmur lost 1.33 per cent to 7,400 rupiah.

Kuala Lumpur gained 0.25 per cent, or 4.10 points, to 1,625.46. British American Tobacco rose 3.2 per cent to 62.44 ringgit while IHH Healthcare slipped 1.5 per cent to 3.39 ringgit.

Singapore rose 0.39 per cent, or 12.66 points, to 3,269.13. DBS Bank gained 0.45 per cent to Sg$15.50 and Singapore Airlines climbed 0.28 per cent to Sg$10.91.

Mumbai fell 1.48 per cent, or 285.10 points, to 19,008.10. India’s biggest mobile phone firm Bharti Airtel fell 4.74 per cent to 293.4 rupees and Sterlite, the local arm of Vedanta Group, slid 3.79 per cent to 92.75.—AFP

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