Asian Market Update : Epic Research Malaysia

Asian markets tumbled Friday as traders followed heavy losses on Wall Street, while the dollar retreated from the previous day's highs against the yen.

Tokyo slipped 1.32 per cent, Hong Kong lost 0.88 per cent, Sydney shed 1.01 per cent, Seoul was 0.35 per cent lower and Shanghai gave up 0.63 per cent.

Analysts said the losses could be partially blamed on profit-taking at the end of the quarter after a recent uptrend, while investors contemplate a weak outlook for China and Japan and the likelihood of higher US interest rates from next year.

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