Friday, 29 August 2014

Asian Market Update : Epic Research Malaysia

Asian markets slipped on Friday as the prospect of a military confrontation between Ukraine and Russia knocked confidence and offset forecast-beating US growth data.

The rise in geopolitical uncertainty sent investors scurrying back to lower-risk assets such as the yen, despite disappointing economic figures out of Tokyo that raise questions about the country's recovery.

Tokyo fell 0.64 per cent as the stronger yen hurt exporters, while Hong Kong eased 0.35 per cent and Seoul lost 0.31 per cent, while Sydney and Shanghai were flat.

After enjoying a rally over the past few weeks, investors have been spooked by claims that Russian forces were inside Ukraine helping support pro-Kremlin separatists who have been fighting against Kiev's rule since April.

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