South Korea's KOSPI, which had a succession of record highs in past weeks, handed back earlier gains and was flat. Shanghai dipped 0.1 per cent and Hong Kong's Hang Seng climbed 0.6 per cent.Japan's Nikkei initially surged 2 per cent to reach a high not seen since January 1992 but reversed course and ended the day down 0.2 per cent. "There were no news that drove the Nikkei lower. The market was looking increasingly lofty after surging in the morning and sellers emerged in the futures, which spilled over into the cash market," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management. "The market was beginning to look very rich and there were profits to be locked in."

Source: Economic Times November 09, 2017 07:30 UTC