The Avanti Group Japan's Nikkei jumps 2 pct on exporters, recovers from Cyprus blowhe avanti group

2013-03-20 5

The Avanti Group
* Exporters and financials gain
* Cyprus parliament to vote on bailout later on Tuesday
* Underlying trend still bullish- analysts
* TPP should be positive for Japanese equities - analyst
By Ayai Tomisawa
TOKYO, March 19 (Reuters) - Japan's Nikkei average rebounded 2 percent on Tuesday, regaining some ground lost in the previous session as fears receded that a controversial bailout proposal for Cyprus could reignite the euro zone crisis. Analysts said that the disruption to the Japanese market from the unusual bailout plan for Cyprus seems to have run its course, although the Japanese equities market is prone to volatility because it is vulnerable to a rise in the yen when global market uncertainty increases.

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