Asian markets mostly down ahead of China data

Asian markets were mostly down on Thursday with traders booking profits after another strong rally in the previous session, while they are also awaiting the release of Chinese economic indicators.

Tokyo’s Nikkei suffered a deep correction after storming almost four per cent to its highest level since September 2008, while the yen reclaimed some of its losses in recent days.

Tokyo fell 0.93 per cent, or 106.68 points, to 11,357.07 and Seoul slipped 0.23 per cent, or 4.42 points, to 1,931.77 but Sydney rose 0.30 per cent, or 14.7 points, to 4,935.7.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1145256/asian-markets-mostly-down-ahead-china-data