Asian shares were mixed in cautious trade on Tuesday as dealers awaited government bond sales in Europe this week amid concerns another eurozone country might need a bail-out. And in Australia deadly floods in the northeast put further pressure on the Sydney index after news that nine people were killed and 66 left missing in the latest deluges. Several markets pared back the morning’s losses on bargain-buying, with some creeping into positive territory. Tokyo slipped 0.29 per cent, or 30.36 points, to 10,510.68 and Sydney edged down 1.6 points to 4,710.7, well off earlier lows. Shanghai edged 0.11 per cent lower. Seoul gained 0.36 per cent, or 7.51 points, to 2,088.32 and Hong Kong rose 0.97 per cent by the break while Singapore added 0.26 per cent. Markets followed their counterparts in Europe and the United States lower as traders fretted about European sovereign debt ahead of Portugal, Spain and Italy’s bond issues this week. Worries resurfaced after reports that Germany and France had pressed Lisbon to accept a bailout, after Ireland and Greece last year had to call for help from the International Monetary Fund and European Union. Portugal and Spain go into the bond sales with their cost…
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