Hang Seng down 0.50%. Nikkei down 0.24% - Microsec

Asian Market is trading lower as Hang Seng was down by 0.50% while Nikkei 225 was down by 0.24% and Chinese markets were down by 1.75%. Asian stocks fell amid concern that Cyprus's bank-restructuring plan will be used as a template for other European nations, imperiling bondholders and depositors, and on a report China is stepping up property curbs.

Overnight U.S. markets were down by 0.44%.

SGX Nifty at 8:00AM was trading at 5625 with a loss of 24 points.

Source : Equity Bulls

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