14th April 2014
Asian markets have broadly declined today (April 14th), taking their lead from a volatile session on Wall Street.
Heightening tensions in Ukraine have caused investors to seek out traditional safe-haven assets, leading to a strengthening of the yen in forex trading markets.
This reduces repatriated earnings for Japan's exporters and generally causes the Nikkei to decline.
Having fallen to a six-month low on Friday, the Tokyo benchmark index extended its losses today, with concerns over upcoming earnings reports offsetting any interest from traders seeking out bargains. The Nikkei 225 closed 0.4 per cent lower at 13,910.16 points.
Results from the fiscal year ending in March are due to be published later this month and forecasts from the Bank of Japan suggest they will be down by an average of 0.7 per cent compared to 2013.
In Hong Kong, the Hang Seng ended the session up by 0.17 per cent, while the Shanghai Composite closed 0.05 per cent higher.
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