Flash: Asia markets. BofA Merrill Lynch Global Research

FXstreet.com (London) - Alexandra Fletcher, BofA Merrill Lynch Global Research said that Asian equities were mixed in early trade on Tuesday as individual markets reacted with varying degrees of sensitivity to regional and global developments.

She added that Chinese stocks were still in the red (-0.87%) as the declining but still high interbank rate stoked concerns about a credit squeeze. Hong Kong and Singapore equities were up by more than 0.6% she said. However, she noted that Philippine (-5.5%) and Thai (-2.6%) equities were the worst performers. Overall, she said that all Asian currencies except the RMB gained against the US dollar in the range of 0.01-0.48%.