• Asia Pacific stocks close

Market news

17 March 2014

Asia Pacific stocks close

Asian stocks fell, with the regional gauge extending the biggest weekly loss since 2012, as western nations disputed Crimea’s vote to rejoin Russia.

Nikkei 225 14,277.67 -49.99 -0.35%

S&P/ASX 200 5,317.57 -11.83 -0.22%

Shanghai Composite 2,023.67 +19.33 +0.96%

Aeon Co. sank 4.3 percent in Tokyo after Japan’s biggest retailer posted profit that trailed estimates.

Tencent Holdings Ltd., Asia’s largest Internet company, slid 2.7 percent in Hong Kong after China blocked plans to offer virtual credit cards.

SoftBank Corp., a Japanese phone carrier that owns part of Alibaba Group Holding Ltd., jumped 4.9 percent after China’s biggest e-commerce company kicked off the process for what may be the biggest U.S. initial public offering in two years.

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