Markets were mixed in Asia on Thursday as investors applied the brakes to a recent rally that has some worried valuations may have run a little too high.
The underwhelming performance followed a tepid lead from Wall Street, where only the Dow managed to eke out a gain despite blowout profits at top banks that gave a healthy start to the much-anticipated earnings season.
After hitting a series of records or multi-year highs in recent months, world markets are struggling to push any higher without any new major catalysts, with the latest round of corporate reporting now the main focus.
Shanghai and Hong Kong led losses in Asia, while Sydney, Manila and Wellington were also in the red.
Tokyo, Seoul, Singapore, Taipei, and Jakarta rose.
Source: Businesstimes