Asian Market Update : Epic Research Malaysia

Asian markets were mixed on Thursday despite positive cues from Wall Street, where stocks rallied as US Federal Reserve minutes suggested interest rates may be hiked sooner than expected.

Hong Kong lost 0.75 per cent percent and Shanghai was off 0.40 per cent as data from British banking giant HSBC showed China's manufacturing growth slowed in August, indicating a recovery in the world's second-largest economy has yet to take hold Seoul dropped 1.20 per cent, but Tokyo gained 0.77 per cent and Sydney added 0.42 per cent.

The mixed performance in Asian markets came after the Dow Jones Industrial Average closed up 0.35 per cent at 16,979.13 on Wednesday.

Minutes from the July 29-30 Fed meeting showed policy makers increasingly at odds over how strong the US labour market is and what that means for inflation - a key issue in planning rate hikes next year.

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