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| Japan's shares end longest winning streak since 1988 | Japan's shares end longest winning streak since 1988 |
| (about 1 hour later) | |
| Japan's Nikkei has ended its longest winning streak since 1988, closing lower after 12 straight days of gains. | Japan's Nikkei has ended its longest winning streak since 1988, closing lower after 12 straight days of gains. |
| The benchmark Nikkei 225 index closed down 0.13% at 20,543.19. | The benchmark Nikkei 225 index closed down 0.13% at 20,543.19. |
| Shares in troubled Japanese car parts maker, Takata, closed down more than 1% as it continued to face problems over its faulty airbags. | Shares in troubled Japanese car parts maker, Takata, closed down more than 1% as it continued to face problems over its faulty airbags. |
| The firm said it was intending to replace a chemical used in its airbags, as it tries to fix the fault that led to six deaths and multiple injuries. | The firm said it was intending to replace a chemical used in its airbags, as it tries to fix the fault that led to six deaths and multiple injuries. |
| Kevin Kennedy, Takata's executive vice president, is due to be questioned by the US Congress on Tuesday about the fault. | Kevin Kennedy, Takata's executive vice president, is due to be questioned by the US Congress on Tuesday about the fault. |
| On the currency markets, the US dollar continued to rise against the yen, and at one point climbed to above 125 yen for the first time since late 2002. | On the currency markets, the US dollar continued to rise against the yen, and at one point climbed to above 125 yen for the first time since late 2002. |
| A US survey showing manufacturing picked up pace in May, together with numbers that showed a strong jump in US construction spending, helped to push the dollar higher. | A US survey showing manufacturing picked up pace in May, together with numbers that showed a strong jump in US construction spending, helped to push the dollar higher. |
| A weaker yen against the dollar is good news for Japan's big exporters as it lowers the cost of their goods for overseas consumers. | A weaker yen against the dollar is good news for Japan's big exporters as it lowers the cost of their goods for overseas consumers. |
| China leads gains | |
| In mainland China, the Shanghai Composite ended up 1.7% at 4,910.53, adding to its near 5% gain on Monday. | |
| A raft of initial share offerings this week is expected to draw liquidity from the market. | |
| Eleven companies started taking initial public offering subscriptions on Tuesday, and another 12 firms will begin on Wednesday. | |
| The listings are expected to lock up 8.3tn yuan ($1.34tn; £881bn) of cash, according to local reports. | |
| However, analysts said they were not expecting the volatility of last week - when mainland shares fell some 6% in one session - because there was enough liquidity in the market to handle the new share sales. | |
| Hong Kong's benchmark Hang Seng index closed down 0.5% at 27,466.72. | |
| Rest of Asia lower | |
| In Australia, the benchmark S&P/ASX 200 index closed down 1.73% at 5,636.01 - its biggest fall for four weeks. | |
| As widely expected, the Reserve Bank of Australia kept its rates on hold at an historic low of 2%, but analysts said the decision had weighed on investor sentiment. | As widely expected, the Reserve Bank of Australia kept its rates on hold at an historic low of 2%, but analysts said the decision had weighed on investor sentiment. |
| In South Korea, the benchmark Kospi index closed down 1.13% at 2,078.64. | In South Korea, the benchmark Kospi index closed down 1.13% at 2,078.64. |
| Investor sentiment may be dented this week, some analysts said, after the country recorded its first deaths from Middle East Respiratory Syndrome, or Mers. | Investor sentiment may be dented this week, some analysts said, after the country recorded its first deaths from Middle East Respiratory Syndrome, or Mers. |
| South Korea said it is monitoring close to seven hundred people for possible infection, while the country's health ministry said a 58-year-old woman and a 71-year-old man had died from the illness. | South Korea said it is monitoring close to seven hundred people for possible infection, while the country's health ministry said a 58-year-old woman and a 71-year-old man had died from the illness. |