Asian Market Update : Epic Research Malaysia

Asian stocks fell and the British pound tumbled more than 2 per cent in early trade on Monday as markets struggled to shake off deep uncertainty sparked by Britain's decision to leave the European Union.

The worst of the turmoil seen on Friday, when global stock markets suffered their biggest decline in nearly five years, had eased, but sentiment remained weak and trading was volatile.

"Things are so uncertain that investors still do not have a clear idea how much risk assets they need to sell," said Hiroko Iwaki, senior foreign bond strategist at Mizuho Securities. "But it is safe to assume investors are not yet with done all the selling they need to. I wouldn't be surprised to see another 10 per cent fall in share prices," she added.

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