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World|business|April 21, 2014 / 03:24 PM
Asian stocks mixed after holiday weekend

AKIPRESS.COM - Asian-Stock-Markets Global stocks were mixed Monday in light trading after Japan reported a record annual trade deficit and investors looked ahead to economic data this week from China and South Korea, Omaha reported.

Oil declined but stayed above $104 per barrel amid concern over simmering tensions in Ukraine.

The Tokyo's Nikkei 225 index edged down 0.03 percent to 14,512.38 after Japan's trade deficit widened by nearly 70 percent in the year ending March 31.

China's Shanghai Composite Index shed 1.5 percent to 2,065.83. Investors are waiting for the preliminary version of HSBC Corp.'s survey of Chinese manufacturing due out Wednesday for signs of whether an economic slowdown has bottomed out.

Taiwan's Taiex shed 0.2 percent to 8,951.19 and Seoul's Kospi lost 0.2 percent to 1,999.22. South Korea is to report data on Thursday that are expected to show economic growth slowed in the first quarter.

Oil shed 23 cents to $104.07 in electronic trading on the New York Mercantile Exchange amid concern about tensions in Ukraine following an Easter morning shootout at a checkpoint manned by protesters. The contract added 44 cents in the previous session to $104.30 on concern Russian supplies might be disrupted if Europe or the United States imposes sanctions.

In currency markets, the U.S. dollar gained 0.1 percent to 102.56 yen and the euro was up marginally at $1.382.

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