Asian markets end mixed over effects of Cyprus bailout deal

Asian markets ended mixed on Tuesday as investors were cautious about potential future fallout from the Cyprus bailout scheme. China’s Shanghai Composite went home with red mark, weighted down by mid-sized bank’s losses on worries about tighter mortgage lending restrictions. South Korean shares bucked the downtrend and closed higher, helping to limit losses for the whole region. Japan’s Nikkei ended in negative territory despite a weaker yen, as concerns about Europe weighed.