Asian equities fall on Friday amid concern about Europe's debt crisis

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Source: Bloomberg
Asian shares decreased on Friday with the regional stock gauges reaching their largest weekly drops in five months as concerns about debt crisis in Europe erupted after Cypriot lawmakers did not agree with the Eurozone's first bailout plan and levy on Cyprus's bank depositors. The MSCI Asia Pacific Index dropped 0.7% to 134.2 and its heading for a 1.8% this week's fall.

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Fri, 22 Mar 2013 11:10:08 GMT

Yen hold firm on Friday as Euro weakens on debt crisis concerns

The Japanese currency was flat on Friday after the new Bank of Japan's governor was coy about calling an emergency meeting before April's policy review and as concerns about Europe's debt crisis occurred after Cyprus did not agree with the Eurozone's bailout plan. Yen was little changed at 95.03 per U.S. Dollar and it went down from 124.38 to 122.54

Fri, 22 Mar 2013 11:54:06 GMT

Treasuries rise amid Cyprus turmoil on Friday

U.S. Treasuries were little changed on Friday heading to a second weekly gain amid boosted demand for U.S. government bonds as a confidence of investor was hurt after Troika's demand for unprecedented levy on Cypriot bank account holders. The U.S. 10-year yields were little changed at 1.9% early on Friday London session following a nine-basis-points drop this week.

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