DAVID HAFFENREFFER, CNN ANCHOR: Let's get a check now on how the Asian markets fared overnight.</s>DEBORAH MARCHINI, CNN ANCHOR: Mixed except for a perhaps tech- driven rally in Taiwan. Dalton Tanonaka's in Asia now with more from Hong Kong, live. Hi, Dalton.</s>DALTON TANONAKA, CNN CORRESPONDENT: Hi, Deborah. Hi, David. The Japanese auto sector is in the spotlight this trading day, Mitsubishi Motor recalling more than 400,000 cars in Japan, 950,000 cars in the United States because of defective parts. And that's on top of 110,000 vehicles recalled last year. The total cost of that move more than $146 million. Investors quickly backed out of Mitsubishi Motor, which is 34 percent owned by German-American auto giant DaimlerChrysler, the stock price skidding more than 8 percent. Rival Honda Motor says it earned $828 million in the third quarter, but that was a 9 percent drop from the year before. This was the seventh straight quarter of profit decline. Strong sales couldn't overcome the weak euro, says the company, Honda blaming the common currency for reducing Q3 profits by $120 million. Japan's No. 2 automaker missed analyst expectations. Overall, the Nikkei closed a third of a percent higher. Investors had mild reaction to major appointments in the Hong Kong government. Analysts say the promotion of Financial Secretary Donald Tsang to deputy leader was factored into the markets. Anthony Lung (ph) replaced Tsang, and he leaves a lucrative post as Asia Pacific Chairman of JP Morgan Chase. The Hang Seng index slipping two-thirds of 1 percent, pulling down -- pulled down by the 5 percent fall of Pacific Century CyberWorks. And in Taiwan, the TAIEX surged more than 3 percent. That is Asia's trading and business day, David and Deborah. Back to you in New York.</s>MARCHINI: All right.</s>HAFFENREFFER: All right, thank you very much, Dalton.
Mitsubishi Motors Recalls More Than One Million Cars in U.S., Japan; Honda Motor Earns $828M, Seventh Straight Quarter of Profit Decline