Asian indexes started the week with decreases

Asian trade marketsThe leading indices in Asia started the week with falls after heavy losses on Wall Street late last week. On Friday, the stock exchanges overseas technology sector suffered the most, as Nasdaq Composite slid 2.6%. The Japanese Nikkei 225 index fell to the bottom week after a strong yen weighed on exporters. The benchmark fell 1.69% to 14 808.85 points. In China, markets are closed for the celebration of the national holiday. The Hong Kong’s Hang Seng slid 0.65% to 22 363.52 points. In Australia, the index S&P ASX 200 is pulled away from its highest level in a month and eventually down 0.17% to 5 413.70 points. The South Korean KOSPI rose slightly by 0.08% to 1 989.70 points. In India, the leading measure of stock SENSEX a closed with a decline 0.64% to 22 215.97 points. The investors took winnings at the start of elections in the country that will continue for a month.
The stock exchanges in Japan tech companies being the biggest losers, commented the Finance News Wire. Shares of Rakuten and Yahoo Japan fell by 5% each, while those of Softbank and Panasonic – by over 4%. Daiichi Sankyo increased by 3% capitalization after the news that Sun Pharmaceutical Industries will buy its Indian unit Ranbaxy Laboratories. In turn, shares of Sun Pharmaceutical rose 2%, while those of Ranbaxy fell 2.5%.
The stock exchanges in Australia financial companies suffered the most by losing Macquarie led by a decline in the%age of market capitalization. Companies, gold mining, have proven profitable after the precious metal reached its biggest one-day gain in three weeks. Shares in Newcrest Mining have added 4% to its value and those of Endeavor Mining – 2%.
In South Korea, the securities of LG Electronics rose 2.8%, while those of Samsung Electronics – to 1.2% before the publication of the forecast results for the first quarter of 2014 on Tuesday. In the technology sector, Internet search engine Naver extended losses on Friday, erasing 6.4% of the value of their shares.

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