Asian equity slips most in 8 months on a new Cyprus tax

Note: This section contains information in English only.
Source: Bloomberg
The MSCI Asia Pacific Index was lower by 1.7% to 134.34 points in the second part of Tokyo trading session on Monday. Asian stocks were ahead for the biggest drop in eight months, as Cyprus introduced an unprecedented levy on domestic bank deposits threatening to pull back Europe into a recession. Also, China increased down-payment requirements and interest rates for second mortgage, as home prices in China demonstrated excessive gains.

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