FXstreet.com (Barcelona) - Asian markets open the week mixed as the outbreak of swine flu seems to have damaged investors' sentiment. Pound and Euro have declined from Friday's highs and Yen edged up.
Hong Kong Hang Seng Index has dropped 2.5%with Australia's S&P index 0.23& down and Tokyo Nikkei index trading around its opening level. Stock markets in the Area have all dripped except New Zealand, Sri Lanka and Vietnam.
The outbreak of swine flu has affected the markets, airlines' shares have been affected with Air China dropping 13% and Industrial and Commercial Bank of china dropping 4% on news that American express will sell shares of the Chinese Bank.
Euro and Pound drop from Friday's highs
The Euro has dropped from 1.3300 high reached on Friday to trade at 1.3154 at the moment of writing, 0.67% below its opening level at 1.3243.
The GBP/USD has been following a similar pattern, after reaching 1.4775 high on Friday, the Pound has eased on Monday's Asian session to trade around 1.4585 ahead of the European opening, 0.53% below its opening price.
USD/JPY has dropped moderately on Monday, extending the sell tone the pair has been trading last week. On Monday's Asian session, the Dollar has dropped 0.15% to trade around 96.60 on late Asian session.
For more information, read our latest forex news.