Asian Market Update : Epic Research Malaysia

Asian markets were mixed on Tuesday with a record close on Wall Street offset by profit-taking, while Japan's Nikkei succumbed to a stronger yen.

Tokyo slipped 0.40 per cent by the break, Shanghai was 0.26 per cent lower and Hong Kong lost 0.11 per cent after hitting a six-year high Monday. Seoul added 0.20 per cent and Sydney advanced 0.10 per cent.

US traders reacted positively to weekend comments from Federal Reserve head Janet Yellen on the bank's monetary policy.

Yellen told the Fed's annual symposium in Jackson Hole, Wyoming, that despite a sharp fall in joblessness there was "considerable uncertainty about the level of employment" in the economy. That was taken as signalling her commitment to raise rates late next year, rather than earlier as some analysts and policymakers would like.

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