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Tokyo stocks close down 1.36%

Tokyo stocks fell 1.36 percent Tuesday following another sell-off on Wall Street, while exporters took a hit as the stronger yen picked up against the dollar. The benchmark Nikkei-225 index fell 201.97 points to 14,606.88, while the Topix index of all first-section shares lost 1.86 percent, or 22.28 points, to 1,174.56. Traders took their lead from New York, where the three main indexes each tumbled more than one percent, as big-name tech firms, which had helped last year's rally, were sold off on concerns they are overvalued.

Tokyo stocks down 1.34% by break

Tokyo stocks fell 1.34 percent Monday morning following a heavy sell-off on Wall Street while the yen's rise against the dollar dented exporters. The benchmark Nikkei 225 index eased 202.04 points to 14,861.73 at the break while the Topix index of all first-section issues was off 1.04 percent, or 12.70 points, to finish the morning at 1,203.19.

World Bank maintains East Asia growth at 7.1 percent

The World Bank said Monday developing countries in East Asia will record economic growth of 7.1 percent in 2014, as they benefit from a stabilising global economy and withstand the impact of US stimulus cuts. The estimate for gross domestic product (GDP) expansion remains unchanged from last year, making East Asia the world's fastest-growing region, the bank said in its East Asia and Pacific Economic Update report. However, the 7.1 percent forecast growth rate for this year represents a slowdown from an average growth rate of 8.0 percent from 2009 to 2013.

World Bank trims China, East Asia 2014 growth forecasts

By Masayuki Kitano SINGAPORE (Reuters) - The World Bank trimmed its 2014 growth forecast for developing East Asia but said the region's economies were likely to see steady growth in the next couple of years, helped by a pick-up in global growth and trade. The Washington-based development bank expects the developing East Asia and Pacific (EAP) region to grow 7.1 percent in 2014 and 2015, down from the 7.2 percent rate it had previously forecast for both years.

World Bank maintains East Asia growth at 7.1 percent

The World Bank said Monday developing countries in East Asia will grow 7.1 percent in 2014 as they benefit from a stabilising global economy and withstand the impact of US stimulus cuts. The estimate for gross domestic product (GDP) expansion remains unchanged from last year, making East Asia the world's fastest-growing region, the bank said in its East Asia and Pacific Economic Update report. However, the 7.1 percent forecast growth rate for this year represents a slowdown from an average growth rate of 8.0 percent from 2009 to 2013.

HKEx in cooperation talks with mainland China stock exchanges

HONG KONG (Reuters) - Hong Kong Exchanges and Clearing Ltd said it is in talks on cooperation with mainland China stock exchanges, a deal that could allow investors to buy mainland-listed stocks via the Hong Kong exchange. The Hong Kong exchange operator said there was no guarantee such a deal could be reached. HKEx shares had jumped nearly 6 percent on Wednesday, their biggest gain in over a year, on a report on the cooperation talks in the 21st Century Business Herald.

Instant View: BOJ tankan shows Japan business mood up, outlook dim

TOKYO (Reuters) - Japanese business sentiment improved in the three months to March but is set to weaken in the following quarter, the central bank's "tankan" survey showed, on concerns a sales tax hike kicking off this month will dent a fragile economic recovery. COMMENTARY: JUNKO NISHIOKA, CHIEF ECONOMIST, RBS SECURITIES, TOKYO

S. Korea's consumer prices grow 1.3 pct on-year in March

SEJONG, April 1 (Yonhap) -- South Korea's consumer prices grew at the fastest pace in seven months in March, driven in part by a rise in personal service costs, including private education, a government report showed Tuesday. The country's consumer price index rose 1.3 percent in March from a year earlier, the fastest on-year rise since August last year when it gained 1.5 percent, according to the report by Statistics Korea. This marked the first time since November that the growth rate has quickened on a month-to-month basis.

Tokyo stocks close up 0.90 percent

Tokyo stocks closed 0.90 percent higher Monday, lifted by a weaker yen and bargain-hunting, despite a surprise decline in Japan's factory output. The benchmark Nikkei 225 index added 131.80 points to close at 14,827.83, while the Topix index of all first-section shares rose 1.38 percent, or 16.37 points, to 1,202.89. The upbeat start to the week came after a better-than-expected rise in US consumer incomes and spending, which led New York's three main indices higher. The Dow rose 0.36 percent, the S&P 500 added 0.46 percent and the Nasdaq gained 0.11 percent.

S. Korean companies pay 13.6 tln won in dividend payments

SEOUL, March 30 (Yonhap) -- South Korean companies whose fiscal year ended in December paid a total of 13.6 trillion won (US$12.7 billion) in dividends to shareholders, the Korea Securities Depository (KSD) said Sunday. The agency said the total takes into account the 892 companies listed on the country's various stock exchanges.
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