Asian markets mostly up but profit-takers sit in wingsHONG KONG: Asian stock markets edged up again Monday following another record close on Wall Street but the gains were tempered by profit-taking following last week’s global rally. The broadly positive outlook sent the dollar rising to 105.59 yen from 104.79 yen Friday in New York. Official figures Friday showed US retail sales beating forecasts, reinforcing the view that the world’s number one economy is getting back on track. Hong Kong added 0.1 percent after a five-day rally, while Shanghai was down 0.2 percent with Friday’s better-than-expected Chinese economic growth reading unable to maintain buyers’ interest. The uprising started two hours before trade in the currency stopped for the weekend, sending the lira plunging 4.6 percent, its sharpest rate for eight years.

Source: Manila Times July 18, 2016 02:48 UTC