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ASIA-PAC EQUITY MARKET WRAP: Asian stocks trade mostly lower after JPY weakness and Tokyo CPI comes in lower than expected..

Asian stocks trade mostly lower with notable outperformance observed in the Nikkei 225 befitting from JPY weakness after Japanese CPI rose less than expected and following a series of positive earning reports. Chinese markets trade lower across the board led by the Hang Seng index (-1.4%), led lower by HSBC Holdings, which is the largest component in the index, following a downgrade at Morgan Stanley. Sentiment was further weighed on by concerns over rising bad loans in Chinese banks after the Bank of China reported new non-performing loans in Q1 reached CNY 7.02bln, accounting for nearly 90% of all the new bad loans recorded last year. The Nikkei 225 preliminary closed up 0.17% at 14,429.26. Elsewhere, the MICEX (-1.4%) fell after Russia was cut to BBB- from BBB at S&P, with their outlook remaining negative. (RANsquawk)

Best Performing Sectors in the Nikkei 225: Oil & Gas (1.23%), Utilities (0.65%) and Health Care (0.64%).
Best Performing Stocks in the Nikkei 225: Fuji Electric (+8.76%), Kawasaki Heavy Industries (+7.95%) and Shimizu (+3.66%).

Worst Performing Sectors in the Nikkei 225: Basic Materials (-0.14%), Financials (-0.20%) and Telecommunications.
Worst Performing Stocks in the Nikkei 225: Advantest (-3.66%), Shiseido (4.34%) and Terumo (-5.26%).

25 Apr 2014 - 01:15 - Equities Data - Source: RANsquawk

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