Tokyo's stock market clocked up a ninth straight gain on Wednesday
thanks to a weaker yen while Shanghai jumped for a seventh session as
investors bet on China unveiling more economy-boosting measures.
However, most other markets in Asia retreated following a sell-off on Wall Street. The
euro edged up slightly on bargain-buying although it is still
struggling due to fears that Greece will default on its debt
obligations.
An upbeat series of US data has put the wind back in the sails of the dollar, which is sitting just below eight-year highs against the yen as the chances of an interest rate rise increase.
Sydney shed 0.83% to close at 5 725.3 and Seoul sank 1.68% to 2 107.50, while Hong Kong fell 0.60% to 28 081.21
Singapore was 1.02% off in the afternoon. Tokyo reversed morning losses to close up 0.17% at 20 472.58 - a 15-year high.
And Shanghai gained 0.63% to 4 941.71, meaning the index has put on more than 15% since it last fell on May 18 and is now at a seven-year high.
US traders fled to the sidelines Tuesday as they returned from a long weekend to a strong dollar, which hurts exporters.
Modest improvements in US consumer confidence, home sales and prices, as well as orders for core industrial goods, pointed to a pick-up in growth in the world's biggest economy.
An upbeat series of US data has put the wind back in the sails of the dollar, which is sitting just below eight-year highs against the yen as the chances of an interest rate rise increase.
Sydney shed 0.83% to close at 5 725.3 and Seoul sank 1.68% to 2 107.50, while Hong Kong fell 0.60% to 28 081.21
Singapore was 1.02% off in the afternoon. Tokyo reversed morning losses to close up 0.17% at 20 472.58 - a 15-year high.
And Shanghai gained 0.63% to 4 941.71, meaning the index has put on more than 15% since it last fell on May 18 and is now at a seven-year high.
US traders fled to the sidelines Tuesday as they returned from a long weekend to a strong dollar, which hurts exporters.
Modest improvements in US consumer confidence, home sales and prices, as well as orders for core industrial goods, pointed to a pick-up in growth in the world's biggest economy.
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