Asian Market Update : Epic Research Malaysia

Asian markets tumbled for a second day on Wednesday, extending a global retreat, with Tokyo taking a hit from a strong yen after Japan's economy-boosting stimulus programme fell flat with investors.

Stocks rallied last month on promises of support from central banks, but disappointing stimulus, weak US data, plunging oil prices and worries about European banks have sent dealers scurrying for cover.

Japan's government unveiled details of a 28 trillion yen (S$366 billion) package on Tuesday that it hopes will kickstart growth in the world's number three economy.

But the plan fell short of market expectations as only a quarter of it included fresh spending, sending the yen surging.

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