Asian Markets Mixed

The euro-zone crisis is causing volatility in markets across the globe. HSBC's Asia-Pacific head of global banking and markets Robin Phillips talks to the WSJ's Deborah Kan on how it will impact Asia.

HONG KONG—Asian stocks ended mixed Tuesday, as investors shifted their attention back to Spain's financial woes, overriding Monday's post-election cheer from Greek election results.

In the Markets

• Markets Pulse
• Europe Stymies U.S. Stocks

Borrowing costs in Spain surged with yields hitting 7.13% on 10-year Spanish government bonds Monday, exceeding the 7% point at which other troubled European countries—Greece, Portugal and Ireland—lost access to the debt markets.

Furthermore, a report from the Spanish central bank said that bad debts in the country were at their highest in 18 years in April, sparking concerns that the €100 billion bank ($126 billion) bailout might not be enough to bolster the national financial system.

The euro climbed Tuesday to $1.2610, from $1.2575 late Monday, though there are fears that the single currency could head downward again after an audit of the Spanish banking system, expected later this week.