Tokyo stocks down on Ukraine crisis and Japan data

<p>Investors worried about escalating tensions between Ukraine and Russia.</p>

Tokyo shares closed lower today (August 29th) as investors worried about escalating tensions between Ukraine and Russia, as well as new data showing weaker-than-expected industrial output data for Japan in July.

The figures showed that the world's third-largest economy was still struggling, with inflation unchanged from the previous month. In addition, real incomes slipped 6.2 per cent from last year and unemployment was up to 3.8 per cent.

The 225-issue Nikkei Stock Average closed 0.23 per cent lower to 15,424.59, while the broader Topix index of all First Section issues on the Tokyo Stock Exchange was down 0.22 per cent at 1,277.97.

South Korea's Kospi dipped 0.4 per cent to 2,068.54 and Hong Kong's Hang Seng remained flat at 24,742.06. The Shanghai Composite Index closed one per cent higher at 2,217.20, while Australia's S&P/ASX 200 was flat at 5,625.90. 

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