Most Asian stock closed lower. Tensions over Ukraine weighed on stock markets. Russia will ban all imports of food from the United States and all fruit and vegetables from Europe.

Investors are awaiting the European Central Bank's and Bank of England's interest decision today.

Reuters reported today that Japan's Government Pension Investment Fund (GPIF) plans to buy more domestic stocks. GPIF's target is over 20% of funds in domestic stocks (current target: 12%).

Indexes on the close:

Nikkei 225 15,232.37 +72.58 +0.48%

Hang Seng 24,387.56 -196.57 -0.80%

Shanghai Composite 2,187.67 -29.80 -1.34%