Asian Market Update : Epic Research Malaysia

Asian stocks rebounded from a one-month low as Japanese shares advanced after a report the government may delay a planned sales tax increase.

The MSCI Asia Pacific Index climbed 0.4 per cent to 126.24 as of 11:04 am in Tokyo. Japan's Topix index jumped 0.7 per cent after the Nikkei reported on Saturday that Prime Minister Shinzo Abe will postpone a two-percentage point boost to the sales tax and will probably make his decision public after the G-7 summit at the end of this month.

Chinese retail sales, industrial production and fixed-asset investment data released on Saturday missed economist estimates.

"Any delay on the sales tax hike in Japan would be bullish for equities," James Woods, a strategist at Rivkin Securities in Sydney, said by phone.

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