Asian stocks slip following record Wall Street charge

Asian stocks are slipping following a charge on Wall Street which drove indices to all-time highs for the second straight day

SINGAPORE -- Asian stocks slipped Thursday following a charge on Wall Street that drove indices to all-time highs for the second straight day. Japan’s benchmark Nikkei 225 fell 0.1% to 27,742.29 and Hong Kong's Hang Seng gave up 1.6% to 25,293.14. The Shanghai Composite was down 1% at 3,504.49 in afternoon trading. Australia’s S&P/ASX 200 retreated 0.5% to 7,491.20. The Kospi in South Korea lost 0.6% to 3,129.51 after the country's central bank raised its policy rate by 25 basis points, in a move that could quell rising household debt. Shares rose in India, Singapore and Malaysia but fell in Indonesia.