Asian markets mixed; yen weighs on Japan

Asian markets were mixed in late morning trade on Tuesday, but Tokyo eased on profit-taking and following an uptick in the yen after Japan’s finance minister said the central bank’s independence was safe for now.

With US markets closed for the Presidents’ Day public holiday, there were no drivers from New York

Tokyo, which surged more than two per cent Monday, fell 0.21 per cent, while Hong Kong was up 0.10 per cent, Sydney added 0.21 per cent, Seoul was 0.35 per cent higher and Shanghai slipped 0.30 per cent.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1153744/asian-markets-mixed-yen-weighs-japan