Asian Market Update : Epic Research Malaysia

Tokyo stocks sank on a strong yen as traders await central bank meetings in Japan and the United States this week, while other Asian markets fluctuated following a negative lead from Wall Street.

Promises of monetary easing after last month's shock British EU exit vote led a surge in shares - and record highs on Wall Street - but a degree of nervousness has set in as two of the biggest central banks prepare to meet.

The Federal Reserve concludes its gathering Wednesday and although it is not expected to make any big announcement, its statement will be pored over for clues about policy following a run of strong data that have fanned talk of an interest rate rise.

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