Asian Market Update

Asian markets mostly slipped Friday on profit-taking after a healthy run-up this month, while another record close for the Dow on Wall Street helped limit losses.

The generally upbeat outlook provided support to the dollar, which hit fresh seven-year highs above 116 yen, while attention will turn to this weekend's G20 summit and the release Monday of Japanese growth data.

Tokyo dipped 0.36 per cent by the break, Hong Kong was flat, Shanghai shed 0.21 per cent and Seoul was 0.77 per cent lower, while Sydney edged up 0.20 per cent.