Asian Market Update : Epic Research Malaysia

Shares in Tokyo snapped a three-day slide, driving gains in Asia as the yen retreated amid speculation over the outlook for Japanese stimulus. Gold fell ahead of the Federal Reserve's interest-rate review, while crude oil extended its slump.

Japan's Topix index rallied from a two-week low as mining and consumer stocks drove the Asian equity benchmark to its highest level since November. Nasdaq 100 Index futures jumped 0.6 per cent after better-than-expected earnings boosted Apple Inc in extended US trading.

Crude fell a fifth straight day, slipping to US$42.67 a barrel ahead of data on American fuel stockpiles, and gold declined with Australian government debt. The yen pulled back following a 1.1 per cent surge on Tuesday, while Malaysia's ringgit rebounded.

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