Asian Market Update : Epic Research Malaysia

Asian shares joined their global peers in the red early Wednesday, with investors turning their attention to domestic data releases, earnings on Wall Street and the fall in commodity prices.

Spot gold shed 0.5 percent to USD 1,098 an ounce in early Asian trade, on the brink of five-year lows. Energy prices also stayed downbeat, with West Texas Intermediate (WTI) crude slipping 0.5 percent to USD 50.57 a barrel, and Brent crude for September edging down 0.3 percent to USD 56.82 a barrel.

Overnight, lackluster earnings from a few blue chips pressured the Dow Jones Industrial Average down 1 percent. The S&P 500 and the Nasdaq Composite shed 0.4 and 0.2 percent, respectively.

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