Asia: Markets mostly down but Tokyo soars on weak yen

Tokyo stocks resumed a rally on Wednesday as the yen fell against the dollar on US interest rate talk but most other Asian markets struggled as investors were spooked by the prospects of higher borrowing costs in the world's top economy.

Dollar demand has intensified since Federal Reserve boss Janet Yellen on Friday hinted at a possible hike as data point to continued economic improvement.

Figures showing US consumer confidence at its highest level in almost a year provided further evidence of a brighter outlook.

On Tuesday vice chairman Stanley Fischer told Bloomberg TV that any movement in rates was dependent on data, adding that "employment is very close to full employment".Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg