Chinese stocks crossed a milestone yesterday as the Shanghai composite index closed at twice the level at which it started the year.
The benchmark rose 1.6 per cent to 5,393.66 – having earlier touched a record high of 5,412.32 – against 2,675.47 at the end of last year. The index has quadrupled since the start of 2006.
Sentiment was helped by an announcement from China's market regulator that futures contracts based on stock indices would soon be launched.
,257.00. The Topix fell 0.1 per cent to 1,568.52.
Sydney slipped for a second day as stocks with heavy exposure to the US came under pressure.
The S&P/ASX 200 index fell 0.2 per cent to 6,251.0, although it is just 2.7 per cent below a record closing high set on July 24.