Asia shares mixed after US record

Asian shares were mixed on Friday, following another record close on Wall Street. Seoul shed 1.20 per cent, or 23.96 points, to 1,968.07, Sydney fell 0.89 per cent, or 48.7 points, to 5,419.5 while Tokyo finished flat, slipping 11.74 points to 15,349.42. Shanghai closed 0.15 per cent higher, adding 2.94 points, to 2,026.67 and in the afternoon Hong Kong was up 0.27 per cent. Profit-taking hit some markets after mostly ticking up on Thursday in response to the Fed’s broadly upbeat outlook on the US economy and chief Janet Yellen's dovish comments on inflation. Her outlook that inflation will not get out of control raised the likelihood US interest rates will stay at record lows for at least another year. In other markets: Wellington fell 0.91 per cent or 47.12 points, to 5,145.03. Fletcher Building was off 1.89 percent at NZ $8.82 and Telecom was down 0.74 per cent at NZ $2.68; Taipei slipped 0.46 per cent, or 43.02 points, to 9,273.79. Taiwan Semiconductor Manufacturing Co. fell 1.19 per cent to Tw$124.5 while Hon Hai rose 0.43 per cent to Tw$94.3, according to AFP.