Asian Market Update : Epic Research Singapore

Asia markets mostly fell Wednesday following a retreat on Wall Street fuelled by profit-taking, with Tokyo hit by a stronger yen and Sydney dipping after data showed Australia's economy grew slower than expected last year.

With few trading cues investors are keeping a watch on the start of China's annual parliament meeting Thursday as well as European Central Bank details on its new bond-purchase scheme.

Tokyo slid 1.01 per cent, Sydney shed 0.56 per cent, Hong Kong lost 0.24 per cent and Seoul eased 0.13 per cent. Shanghai, which tumbled 2.20 per cent Tuesday, edged up 0.21 per cent.

"The lack of fresh sparks has prompted investors to take profits and wait for new signals," Matthew Sherwood, Sydney-based head of investment markets research at Perpetual Ltd, told Bloomberg News.

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