Asian shares mixed despite Wall Street highs

<p>Asian markets were mixed today with investors unable to hold yesterday’s gain.</p>

Asian markets were mixed today (August 28th) with investors unable to build on yesterday's gain, despite Wall Street ending on a record high.

Japan's Nikkei dropped 0.5 per cent to 15459.86 due to a stronger yen, while Australia's S&P/ASX 200 fell 0.5 per cent to 5624.4 and the Philippines' PSEi fell 0.8 per cent to close at 7100.70.

US stocks are on a high since the beginning of the week after a rally that has taken indexes to records gains.

The Standard & Poor’s 500 Index closed above 2,000 for the first time on Tuesday (August 26th) after new data confirmed the economy is strengthening, with US Federal Reserve chairwoman Janet Yellen signalling that she was in no rush to raise rates.

The US dollar retreated today against the yen, while the euro bounced back after Germany signalled that the European Central Bank (ECB) would not unveil new policies to fend off deflation.

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