HONG KONG: Asian markets slipped yesterday following losses on Wall Street, as attention turned to a brewing budget row in Washington that threatens to shut down parts of the US economy.
Tokyo edged down 9.81 points to 14,732.61 on its first day of trading after a long weekend, with a slightly stronger yen weighing on exporters. Sydney eased 0.35 per cent, or 18.3 points, to 5,234.2 and Seoul lost 0.11 per cent, or 2.31 points, to close at 2,007.10.
Shanghai slipped 0.61 per cent, or 13.51 points, to 2,207.53.
Shares were also suffering from profit-taking after Thursday's rallies that were fuelled by the US Federal Reserve's surprise decision to keep its stimulus programme unchanged for now.
Asian-based companies linked to Apple bucked the regional downtrend after the US firm said it had sold a "record-breaking" nine million iPhones at their launch weekend just passed.
In other markets: * Taipei
ended flat, edging up 6.29 points to 8,299.12. Taiwan Semiconductor Manufacturing Co fell 0.47 per cent to T$105.5.* Wellington
rose 0.20 per cent, or 9.21 points, to 4,710.59. Outdoor clothing retailer Kathmandu surged 11.6 per cent, while Fletcher Building added 2.0 per cent to NZ$9.70. * Manila
eased 0.26 per cent, or 16.56 points, to 6,461.38. Alliance Global shed 1.14 per cent to 25.95 pesos, Philippine Long Distance Telephone fell 0.60 per cent to 2,996 pesos.* Bangkok
fell 1.32 per cent, or 18.91 points, to close at 1,417.77. Coal producer Banpu added 1.03 per cent to 293 baht, while Bangkok Bank lost 1.46 per cent to 203 baht.* Jakarta
closed down 2.25 per cent, or 102.44 points, at 4,460.41. Asia Pacific Fibers dropped 1.06 per cent to 93 rupiah, while Hero Supermarket gained 0.79 per cent at 3,200 rupiah. * Mumbai
was flat, edging up 0.10 per cent, or 19.25 points, to 19,920.21 points. Bajaj Auto rose 2.73 per cent to 2,032.70 rupees while the grounded Kingfisher Airlines jumped 9.83 per cent to 5.14 rupees. AFP