Asian Market Update : Epic Research Malaysia

Asian stocks fluctuated after minutes of the Federal Reserve's April meeting showed policy makers discussed raising interest rates as early as next month. Japanese shares rose as the yen weakened.

The MSCI Asia Pacific Index was little changed at 126.59 as of 9:05 am in Tokyo after dropping as much as 0.4 per cent and rising less than 0.1 per cent.

The Fed's statement indicated most policy makers said a rate hike would be appropriate in June if the economy continued to improve. That sent the US dollar up, with the greenback trading one per cent higher against the yen on Wednesday.

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