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Asian markets end lower

AFP, Hong Kong
Asian markets were mostly lower on Tuesday as investors took profits from a four-week rally, following a slide on Wall Street.
TOKYO: Down 0.28 percent. The Nikkei-225 fell 25.08 points to 8,832.85, retreating from die previous day’s three-month high.
HONG KONG: Down 0.46 percent. The Hang Seng Index closed down 69.07polntsat 14.928.97.
Louis Tse, investment strategist at Value Convergence CEF, said Tuesday's consolidation was well expected because the index appeared overbought after the recent rally.
But he said the index coukl regain strength and reach the year-to-date high of 15,763 points by the end of May, underpinned by the recent robust performance of global equities.
SYDNEY: Down 1.34 percent. The S&P/ASX 200 shed 50.3 points to 3,706.3.
Investors took profits from resources and banking stocks off weak offshore leads, dealers said.
SHANGHAI: Up 0.80 percent. The Shanghai Composite index, which covers A and B shares, was up 19.40 points at 2,439.18.
The shares closed at their highest level since closing at 2,523.28 on August 20.
TAIPEI: Up 0.37 percent. The weighted index rose 20.63 points to 5,576.85.
The market reversed earlier losses on Wall Street's fall.
The plastics sector rose 1.15 percent, electronics added 0.48 percent while financials shed 0.48 percent.
SEOUL: Up 0.17 percent. The KOSPI gained 2.25 points to 1,300.10, the first time it has ended above 1,300 since October 15.
The market extended gains for a sixth straight day.
SINGAPORE: Down 2.47 percent. The STI closed 45.59 points lower at 1,802.39.
Dealers said the pullback after five days of gains would not significantly derail the surge.
KUALA LUMPUR: Down 0.4 percent. The Kuala Lumpur Composite Index dropped 3.93 points to 919.84.
BANGKOK: Down 0.78 percent. The Stock Exchange of Thailand (SET) fell 3.48 points to close at 442.56.
MANILA: Up 1.39 percent.The index added 23.10 points to 2,051.69.
The market was buoyed by easing inflation data, dealers said.