HONG KONG: Asian markets were mostly higher yesterday as investors took a breather after a rally at the start of the week, but Tokyo slipped on profit-taking and a stronger yen.
Hopes that the United States and Russia would be able to make a deal that will avoid a US-led military strike on Syria provided buying support as markets awaited fresh trading cues.
Tokyo dipped 0.26 per cent, or 37.80 points, to 14,387.27. Seoul ended flat, edging up just 0.21 points to 2,004.06, and Sydney added 0.15 per cent, or 8.1 points, close to a five-year high of 5,242.5. Shanghai ended 0.64 per cent higher, adding 14.34 points to 2,255.61.
Global markets have been buoyant over the past week following the release of strong data out of China indicating an economic slowdown has come to an end, while Japanese growth was also showing signs of perking up.
Japan's Nikkei fell as investors cashed in after a more than four per cent rally since Monday that was fuelled by an upward revision in April-June economic growth and Tokyo's successful bid to host the 2020 Olympics.
In other markets: * Bangkok
lost 0.94 per cent, or 13.28 points, to 1,397.90. Advanced Info Service fell 5.11 per cent to 260 baht, while Robinson Department Store jumped 6.34 per cent to 54.50 baht.* Taipei
rose 0.20 per cent, or 16.37 points, to 8,225.36. HTC rose 4.44 percent to T$141 while Taiwan Semiconductor Manufacturing Co fell 0.96 per cent to T$103.5. * Jakarta
closed up 0.17 per cent, or 7.19 points, at 4,356.61. Aneka Tambang rose 2.11 per cent to 1,450 rupiah, while Telekomunikasi Indonesia gained 3.49 per cent to 2,225 rupiah.* Manila
was up 0.31 per cent, or 19.29 points, at 6,195.61 Philippine Long Distance Telephone Co dipped 0.07 per cent to 2,888 pesos and Ayala Corp lost 1.92 per cent to 563 pesos. * Mumbai
fell 1.08 per cent, or 215.57 points, to 19,781.88. India's Jaiprakash Associates fell 11.64 per cent to 38.35 rupees, while Tata Steel fell 4.13 per cent to 302.95 rupees.* Wellington
rose 0.14 per cent, or 6.60 points, to 4,641.49. Auckland International Airport was up 2.37 per cent at NZ$3.25 and Hallenstein Glasson gained 2.1 per cent to NZ$4.90. AFP