22nd April 2014
Asian markets have weakened today (April 22nd), amid ongoing concerns regarding liquidity and earnings in China.
This is despite the fact Wall Street extended its rally into a fifth session on Monday.
Stocks in China have been hampered by suggestions a potential share oversupply may be imminent, after the country's securities regulator published draft prospectuses for 28 firms planning to float - the first initial public offerings since the end of the two-month hiatus.
In addition, heavyweight Chinese corporations such as Great Wall Motor Co, BYD and Air China have all posted or projected weak earnings figures, heightening fears over the country's economic slowdown.
Tensions in Ukraine have also contributed to the weaker trading sentiment, though the impact on the traditional safe-haven yen has been less prominent today.
The Nikkei 225 index ended the session down by 0.85 per cent at 14,388.77 points in Tokyo, while the Shanghai Composite shed 0.8 per cent. Hong Kong's Hang Seng edged 0.04 per cent higher for the day.
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