Most Asian markets fell Thursday, with Japanese shares retreating from their highest level since September 2008 as the yen appreciated, while Chinese stocks slipped ahead of the Lunar New Year holiday.
Japanâ€™s Nikkei Stock Average JP:100000018 -0.93% lost 0.9% after Wednesdayâ€™s 3.8% surge, while Hong Kongâ€™s Hang Seng Index HK:HSI -0.34% slid 0.3% and Chinaâ€™s Shanghai Composite Index CN:000001 -0.66% fell 0.7% ahead of next weekâ€™s Lunar New Year holidays.
â€śI think that investors are packing away for the New Year holiday. Thatâ€™s why trading motivation is not great,â€ť KGI Asia chief operating officer Ben Kwong said.
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