Asian Market Update : Epic Research Malaysia

Asian markets were mixed Monday following a broadly negative lead from Wall Street after the head of the US central bank said she was still concerned about employment in the country.

While Janet Yellen's speech Friday said slackness in the jobs market would likely staunch inflation, investors noted her acknowledgement of calls for an early interest rate rise, which in turn lifted the dollar to a seven-month high against the yen.

Tokyo rose 0.20 per cent by the break and Seoul put on 0.10 per cent, but Hong Kong slipped 0.44 per cent, Shanghai shed 0.28 per cent and Sydney was 0.27 per cent lower.

Speaking at the Fed's annual symposium in Jackson Hole, Wyoming, Yellen said even if unemployment has fallen more quickly than expected to 6.2 per cent, there remains "considerable uncertainty about the level of employment".

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