ASIAN SUMMARY: Regional equities are mostly lower, as investors consolidate recent gains made on the Fed's bond-buying announcement late last week. The Nikkei is 0.4% lower, the S&P/ASX falls 0.1%, the HSI is flat, the Kospi is flat, the Sensex slips 0.1%, the Taiex loses 0.4%, the STI falls 0.2% and the Shanghai Composite is 0.5% lower. In FX markets, the yen rises slightly due to settlements by Japanese exporters, but traders say the currency will likely weaken in the days ahead amid expectations for BOJ easing and anti-Japanese rallies in China. The EUR/USD is at 1.3095 from 1.3117 late Monday in New York, the EUR/JPY is at 103.01 from 102.91, and the USD/JPY is at 78.66 from 78.39. Average property prices in 70 Chinese cities in a government survey rise for a third straight month in August on a sequential basis, indicating the turnaround in June--which broke eight months of decline--is gaining pace. Australia's August merchandise imports fall 2% on-month. Australia's benign inflation outlook offers scope to cut interest rates further should the economy weaken, show the minutes of the central bank's September policy meeting; monetary policy is still a powerful tool in Australia even as regulatory and market pressures drive up the cost of bank funding, says RBA assistant governor Guy Debelle. The July unemployment rate in the Philippines inches up slightly to 7.0% vs April's 6.9%. Spot gold is at $1,755.30, down $7.20 from the NY close. October Nymex crude oil futures are down 14 cents at $96.48/bbl.
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