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Asian stock markets were down due to rising concerns over tensions between Russia and Ukraine. The Japanese index Nikkei 225 declined caused by a strong yen and the weaker-than-expected earnings of some companies. The Japanese stock market will be closed for a public holiday tomorrow.
The stock indexes in China and Hong Kong dropped amid increasing concerns over new initial public offering listings.
Indexes on the close:
Nikkei 225 14,288.23 -141.03 -0.98%
Hang Seng 22,132.53 -91.00 -0.41%
Shanghai Composite 2,003.49 -33.03 -1.62%
Honda Motor Co. shares declined 4.5% because of the worse-than-expected earnings forecast for the fiscal year ending March 31, 2015.
Nippon Sheet Glass was down over 8%.
Newcrest Mining increased 5.7%.
Yahoo Japan Corp. dropped 6.2% after announcing earnings missed the company’s own forecast.
Japan Display Inc. shares, supplies screens to Apple Inc., were down 16% after reporting earnings missed the company’s own forecast for the fiscal year ending March 31, 2014.
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