Asian Shares Rebounded on Amendment of Cyprus' Levy Proposal

Asian shares rebounded Tuesday after the decline a day earlier. While concerns remained about the Cyprus bailout plan, sentiment improved moderately as the Eurogroup decided to increase the flexibility on bank levy conditions. The MSCI Asia Pacific Index climbed modestly, following the -1.87% decline yesterday, in the morning session.

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Asian Shares Rebounded on Amendment of Cyprus' Levy Proposal