Asian shares were mixed as a decline in Australia's stock market was offset by a gain in Japan's Nikkei 225 Stock Average.
The MSCI Asia Pacific Index retreated 0.1 percent to 165.13 as of 10:54 a.m. in Hong Kong on the first trading day of the fourth quarter. Japan's Topix index closed the morning trading session up 0.2 percent and the Nikkei 225 rose 0.6 percent, heading for a 27-year high. Australia's S&P/ASX 200 fell 0.7 percent. Indonesia's Jakarta Composite Index was little changed after an earthquake and tsunami hit the island of Sulawesi, killing more than 800 people.
Banks were among the biggest drags on the Australian benchmark index, after UBS said the country's lenders faced rising compliance costs and the risk of a credit crunch in the wake of a long inquiry into financial scandals.
A Chinese gauge of manufacturing purchasing managers fell to its lowest in 16 months, while markets in China and Hong Kong were closed for National Day.
Source : Bloomberg