Asian shares mixed after fresh Wall St losses
Monday, 14 April 2014
Asia's markets were mixed on Monday following another heavy sell-off on Wall Street while concerns over the crisis in Ukraine resurfaced. Investors are also awaiting the release this week of first-quarter growth data from China, with analysts tipping a further slowdown in the world's number two economy. Tokyo ended 0.36 percent lower, giving up 49.89 points to 13,910.16, while Sydney shed 1.28 percent, or 69.7 points, to 5,358.9, marking its heaviest fall in four weeks. Seoul was flat, dipping 0.42 points to 1,997.02. Hong Kong closed 0.15 percent higher, adding 35.16 points to 23,038.80 while Shanghai ended flat, edging up 1.00 point, to 2,131.54. US shares continued their downward spiral Friday led by the technology sector, owing to fears big-name firms such as Facebook, Twitter and Netflix may be overpriced. The Nasdaq sank 1.34 percent to its lowest close since February 3, the Dow tumbled 0.89 percent and the S&P 500 shed 0.95 percent, according to AFP.