Thursday, 16 October 2014

Asian Market Update : Epic Research Malaysia

Asian markets tumbled on Thursday, led by another huge sell-off in Tokyo, following a disappointing set of US data that fuelled fears about the world's top economy.

Traders took their lead from New York and Europe, where equities and the dollar sank, while oil prices are rooted at multi-year lows.

Tokyo plunged 2.36 per cent as exporters were stunned by the stronger yen, while Sydney fell 1.16 per cent and Seoul lost 0.76 per cent.

The US Commerce Department said retail sales fell in September for the first time in seven months, Total retail and food services sales dropped 0.3 per cent from August, slightly more than the 0.2 per cent expected on average by analysts.

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