Friday, 12 September 2014

Asian Market Update : Epic Research Malaysia

Asian stocks were mostly weaker in early trade Friday, as investors awaited the release of Chinese economic statistics and global sentiment was dampened by the upcoming Scottish independence vote and weak inflation data.

The yen was trading around six-year lows against the dollar after reaching 107.11 yen in New York on Thursday - the first time the US currency had risen past 107.00 yen since September 2008, during the global financial crisis.

Tokyo was up 0.39 per cent after reversing earlier losses and Seoul rose 2.0 per cent, but Hong Kong shares were flat, Shanghai slipped 0.19 per cent and Sydney was 0.4 per cent weaker.

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