Asian markets were weaker Tuesday as investors continued to fret about the economic impact of high oil prices. Japan, South Korea and Australia all finished lower.

Asian markets were mostly lower Monday, with Japan and Australia both closing down. Skyrocketing oil prices remained the key theme as investors worried over the impact of record oil prices on the health of the global economy.

Australian investment firm Babcock & Brown said on Monday its lenders had agreed to drop a market capitalization-linked review clause to its debt facility, and said it would pre-pay some of the debt.

Asia experienced a selloff across the board, led by Shanghai's 5 percent tumble, after shares plunged on Wall Street and oil prices shot above $140 a barrel, fanning investors' fears of high inflation and slowing economic growth. Japan and South Korea finished 2% lower.

Australia wants to tighten foreign-investment rules to curb Chinese takeovers of local miners, a national daily said on Thursday, as it emerged that China's Sinosteel was circling two Australian iron ore firms.

Asian markets were mostly flat Thursday after the U.S. Federal Reserve kept rates steady while the euro hit a record high against the yen on the prospects for a euro zone rate rise.

Asian markets pared back losses Wednesday, with Tokyo closing just slightly lower. Concerns about the U.S. economy cast a cloud over the session and trade remained cautious as investors awaited the outcome of the Fed's two-day meeting, which is expected to leave interest rates at 2%.

Asian markets drifted to a mixed close Tuesday, with trade kept largely muted as investors stayed cautious ahead of the U.S. Federal Reserve's rate decision at the its two-day policy meeting starting later today. Japan and Australia closed flat.

Australia's Qantas Airways cancelled six flights on Monday and said it may employ strike-breakers after engineers began a two-day strike, escalating a long-running pay dispute.

The top shareholder in Australian miner Macarthur Coal, Ken Talbot, has quit the board, the firm said on Monday, in a move that frees him up to be the lynchpin in a looming bidding war for the company.

Asian markets closed in the red Monday, but were well off their session lows as investors took the opportunity to buy beaten down stocks.

Kohlberg Kravis Roberts, a U.S. private equity firm, is looking at troubled Australian investment group Babcock & Brown, the UK's Independent on Sunday reported.

An American tourist was charged with murder in Australia on Friday for allegedly drowning his wife during a honeymoon dive on the Greet Barrier Reef.

Asian markets were mixed Friday as regional stocks reacted to China's hiking of fuel prices. Trading has been volatile throughout the session with markets, particularly in Shanghai, making radical swings between positive and negative territory.

Australia's Mandarin-speaking Prime Minister Kevin Rudd said on Thursday he would attend the Beijing Olympics, ignoring human rights activists' demands that he boycott the event over China's Tibet crackdown.