TOKYO: Asian shares fell Thursday after Wall Street dropped on weaker-than-expected US economic data and a warning from Federal Reserve Chair Janet Yellen that stock valuations were “quite high”.
Tokyo stocks fell 1.23 percent after a three-day holiday. The Nikkei 225 index ended 239.64 points lower at 19,291.99, while the Topix index of all first-section issues was down 0.69 percent, or 10.97 points, to 1,574.64.
Sydney fell for the third straight day, finishing 46.5 points, or 0.82 percent, lowers to 5,645.7 as mining stocks slipped despite recent gains in commodity prices.
South Korean shares fell 0.65 percent or 13.58 points to close at 2,091.00 on heavy foreign selling, and Hong Kong was 1.45 percent lower in afternoon trade.
Mainland Chinese markets were also lower on worries regulators may tighten control over margin trading, with Shanghai down 1.41 percent at noon.