Asian Market Update : Epic Research Malaysia

Asian stocks were mixed on Wednesday ahead of monetary policy decisions in the US and Europe, while worries over Greece also hurt sentiment.

Global investors are awaiting the outcome of the Federal Open Market Committee's two-day meeting as well as the European Central Bank's policy review later in the day. The Fed isn't expected to take any action on interest rates, with consensus for a rate hike pushed to September.

The ECB, meanwhile, could announce a change to Emergency Liquidity Assistance to Greece. Talks between the bankrupt country and its international creditors remain stuck in deadlock as Athens faces a USD 1.8 billion repayment to the International Monetary Fund by the end of June.

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