HONG KONG: Asian markets were mostly lower in quiet trade yesterday at the end of a positive week for investors, as attention turns to next week's United States Federal Reserve meeting.
Wall Street provided a soft lead, with no fresh cues to spur buying, as dealers await the Fed's plans for its huge stimulus programme.
Tokyo rose 0.12 per cent, or 17.40 points, to 14,404.67 thanks to a pick-up in the dollar against the yen, but Sydney drifted 0.44 per cent, or 22.9 points, lower to 5,219.6 after almost ending at a five-year high on Thursday.
Seoul finished 0.49 per cent, or 9.74 points, down at 1,994.32 while Shanghai shed 0.86 per cent, or 19.39 points, to 2,236.22.
Global markets have enjoyed a bright week following a string of upbeat Chinese data - including on trade and factory output - indicating the world's number two economy may have turned a corner after suffering a slowdown in the first half of the year.
Figures showed Japan's economy grew faster than initially thought in the April-June quarter while concerns over a possible US-led strike on Syria also abated.
Eyes are now on Washington, where the Fed will hold a two-day policy meeting to decide on its next move for its US$85 billion-a-month bond-buying scheme.
In other markets: * Taipei
fell 0.69 per cent, or 57.16 points, to close at 8,168.2. Hon Hai rose 0.27 per cent to T$75. * Bangkok
gained 0.23 per cent, or 3.18 points, to 1,401.08. Retailer Siam Makro jumped 6.10 per cent to 626 baht. * Jakarta
gained 18.93 points, or 0.43 per cent, to 4,375.54. State-controlled miner Aneka Tambang rose 0.69 per cent to 1,460 rupiah.* Wellington
added 0.20 per cent, or 9.45 points, to 4,650.94. Telecom advanced 1.1 per cent to NZ$2.28.* Manila
retreated 1.00 per cent, or 62.37 points, to 6,133.24.* Mumbai
fell 0.25 per cent, or 49.12 points, to 19,732.76 points after a government advisory panel cut its growth forecast to 5.3 per cent for the current fiscal year, from an earlier forecast of 6.4 per cent. AFP