HONG KONG: Asian markets mostly edged up yesterday, with a rally on Wall Street and optimism about the state of the global economy helped by receding fears of a US-led strike on Syria.
However, profit-taking capped gains after the previous two days' advances, while firms linked to Apple dipped in a lacklustre response to its latest range of iPhones.
Tokyo ended flat owing to a late sell-off as dealers cashed in after a four per cent gain since the weekend that was fuelled by Japan's successful bid to host the 2020 Olympics and stronger-than-expected growth data.
The Nikkei ended 1.71 points higher at 14,425.07, while Sydney added 0.64 per cent, or 33.2 points, to 5,234.4 - a 2013 high. Seoul closed 0.49 per cent higher, advancing 9.79 points to 2,003.85.
rose 0.15 per cent, adding 3.28 points to end at 2,241.27, after another round of Chinese indicators that suggest the world's number two economy is picking up after a slowdown this year.
In other markets: * Mumbai
ended flat, up 0.36 points to close at 19,997.45 points, but erased all intraday losses, as the rupee rose to 63.42 against the dollar from its previous close of 63.85. India's steel producer Tata Steel rose 5.07 per cent to 316.0 rupees while private aluminium producer Hindalco rose 3.81 per cent to 114.30 rupees.* Taipei
was flat, edging up 0.22 point to close at 8,208.99. Taiwan Semiconductor Manufacturing Co was flat at T$104.5, but Fubon Financial was 1.2 per cent up at T$40.85. * Manila
rose 2.06 per cent, or 125.18 points, to 6,214.90. Philippine Long Distance Telephone Co climbed 1.47 per cent to 2,890 pesos while Ayala Land added 5.53 per cent to end at 26.70 pesos.* Wellington
rose 0.15 per cent, or 7.14 points, to 4,634.90. Fletcher Building added 0.9 per cent to NZ$9.50 and Fisher & Paykel Healthcare added 0.3 per cent to NZ$3.70. * Jakarta
ended down 8.72 points, or 0.20 per cent, at 4,349.42. Semen Indonesia lost 5.17 per cent to 13,750 rupiah, while carmaker Astra International fell 2.36 per cent to 6,200 rupiah.* Bangkok
added 1.29 per cent or 18.01 points to 1,411.18. Import and export firm Berli Jucker jumped 7.88 per cent to 44.50 baht, while Delta Electronics gained 5.59 per cent to 47.25 baht. AFP