Asian markets mostly up, Sydney hits 34-month high

Asian markets were mostly up on Wednesday, with Sydney hitting a near three-year high, but Tokyo sank on profit-taking and as the yen picked up strength against the euro and dollar.

The Japanese currency picked up after a Group of Seven (G7) statement on Tuesday that said “excessive volatility” in exchange markets hurts financial stability, as they tried to calm talk of currency wars ahead of this week’s G20 meeting.

via Business feed http://www.scmp.com/business/money/stock-talk/article/1149467/asian-markets-mostly-sydney-hits-34-month-high