Asian markets were mixed on Thursday as a weak performance on Wall Street and fears of a share glut in Tokyo were offset by gains in the financial and property sectors.

Leaders of Asia Pacific telecom giants meet in Hong Kong Wednesday for the industry's top trade show in the region as they vie to dominate the world's fastest-growing and most diverse mobile market.

Asian markets were mixed Wednesday as investor sentiment remained cautious following slight gains on Wall Street overnight, dealers said.

Asian markets were mostly lower Tuesday on profit-taking after the previous day's gains, despite a positive lead overnight from Wall Street on upbeat data that boosted U.S. recovery hopes.

Asian shares saw strong gains amid high capital inflows Monday, but investor caution in Tokyo overshadowed news that Japan's economy grew the fastest in more than two years in the latest quarter.

Most business leaders in the Asia-Pacific Economic Cooperation (APEC) region believe the worst of the economic crisis is over, but few expect a fast recovery.

Asia-Pacific finance ministers endorsed “market-oriented” exchange rates on Thursday and said they would stick with economic stimulus plans until a sustained economic recovery was under way.

Hong Kong seeks to work with Singapore and Malaysia to simultaneously withdraw 100 percent protection of bank deposits to ensure investors don't move their money to other Asian nations.

Shares fell in Asia on Thursday as dealers moved to lock in profits following four straight days of gains, while upbeat jobs news from Australia was unable to provide a lift.

Nations must rein in stimulus spending, ensure stable growth and strengthen financial systems to ensure a thriving, prosperous global economy in the post-crisis period, Asia-Pacific finance and trade officials said Thursday.