ASIAN MARKETS: Profit taking carves a swathe across Asian markets

Asian markets mostly fell on Tuesday following losses on Wall Street and as profit-takers moved in after last week’s huge gains sparked by the US Federal Reserve stimulus plan.

Anti-Japan protests across China also weighed on shares in both countries, with three of Japan’s biggest car makers saying they had closed their factories or cut production in China as a result.

Tokyo closed 0.39 per cent, or 35.62 points, lower at 9,123.77 and Sydney fell 0.18 per cent, or 7.8 points, to 4,394.7 while Seoul edged up 0.13 per cent, or 2.61 points, to close at 2,004.96.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1039812/asian-markets-profit-taking-carves-swathe-across