Sharp shares fell 8.69 percent to 273 yen , after reports that the struggling electronics giant was considering offering 2.0 billion dollars to help shore up its finances are weak .

Tokyo stocks closed down 0.36 per cent , Hang Seng Index rose 35 points

Tokyo stocks closed 0.36 percent lower on Wednesday, pressured weaker Wall Street last week and the yen's rise as tensions rise in the Ukraine .

The Nikkei 225 fell 49.89 points to end at 13,910.16 , while the Topix index of all main board shares fell 0.12 percent or 1.33 points to close at 1132.76 .

Disappointment over the decision of the Bank of Japan ( BoJ ) to not expand its stimulus - and the consequent rise in the yen - helping to drag the Nikkei to six-month lows on Friday ( 11/4 ) , with the main index down 7.33 percent for the week .

It was the worst weekly performance since the Nikkei fell 10 percent in the period after the earthquake and tsunami struck Japan in 2011 .

The main index fell by about 14 percent this year , and its decline may not have been the lowest point , said Tomohiro Okawa , equity strategist at UBS Securities Japan .

" There is no guarantee of optimism , " said Okawa told Dow Jones Newswires . "There is still downside risks . "

On Monday , the Nikkei was dragged lower by heavyweight stock Fast Retailing , the operator of Uniqlo clothing chain , which fell 3.03 percent to 32,795 yen .

It extended losses after the retailer shares tumbled 7.87 percent on Friday cut its forecast for full-year earnings , grounded because of weak demand in the country .

Last week, the tech-heavy Nasdaq composite index pushed Wall Street fell sharply again , closing the week on a dismal lowest level in more than two months .

The Nasdaq slipped 1.34 percent to 3999.73 , its lowest close since Feb. 3 , while the Dow Jones Industrial Average fell 0.89 percent to 16026.75 .

Market jitters over the acting president of Ukraine accused Russia of waging war in the eastern belt of the country following clashes that killed at least two people .

Acting President Oleksandr Turchynov declared the launch of " anti - terrorist operation of full-scale " , while the UN Security Council announced emergency talks on Sunday night .

In currency trading , the dollar slipped to 101.56 yen , from 101.65 yen in New York on Friday afternoon .

A strong yen is bad for Japanese exporters stocks because they reduce the level of profitability .

In other stock trading in Tokyo , Sony lost 0.31 percent to finish at 1,870 yen , Canon fell 0.25 percent to 3,126 yen , while Toyota added 1.80 percent to 5,410 yen .

Sharp shares fell 8.69 percent to 273 yen , after reports that the struggling electronics giant was considering offering 2.0 billion dollars to help shore up its finances are weak .

The move may not be popular among the current shareholders because it would dilute the value of their investment , AFP reported .

Hong Kong shares closed up 0.15 percent on Monday , driven bargain-hunting as investors put aside the negative impact of Wall Street ahead of the release of Chinese economic growth data this week .

The benchmark Hang Seng Index rose 35.16 points to close at 23,038.80 on turnover of 61.09 billion Hong Kong dollars ( 7.88 billion U.S. dollars ) .

In China , the Shanghai Composite Index ended flat , edging up 1.00 points to 2131.54 on turnover of 86.6 billion yuan ( 13.9 billion U.S. dollars ) .

Shenzhen Composite Index , which tracks both Chinese stocks , was up 0.58 percent or 6.31 points to 1094.41 on turnover of 92.0 billion yuan , according quoting AFP .