Market Report - Asia Off Highs

In today's Market Report... Asian shares were mostly higher toda, adding to recent gains, although Japan's Nikkei dipped after its longest winning streak in 21 years.

After regional markets touched 10-month peaks, some investors took profits in high-tech shares like chip-tester Tokyo Electron.

Earnings season entered full-gear with Japanese steel giant JFE higher on a net profit forecast for the full-year and after a Goldman Sachs analyst upgrade.

Korea's top mobile player, SK Telecom, gained despite a nearly flat quarterly profit of $445 million.

Shares of China Unicom gained after Shanghai's official securities newspaper said the No.2 mobile carrier had reached a deal with Apple for exclusive sales of iPhones in the world's largest market for three years.

Investors in China awaited the Shanghai debut of China State Construction Engineering Wednesday, with expected IPO proceeds of $7.3 billion, the world's largest this year.

Category:

News & Politics

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