Tuesday, 9 June 2015

Asian Market Update : Epic Research Malaysia

asianstocks090615.jpgMost Asian markets edged down Tuesday, with Shanghai and Hong Kong hit by another weak batch of indicators, but the euro was supported by upbeat German trade data.

Wall Street provided a negative lead as last week's strong jobs report fanned expectations that the Federal Reserve will increase borrowing rates soon.

Tokyo slipped 0.70 per cent owing to a pickup in the yen, while Hong Kong lost 0.27 per cent and Shanghai eased 0.12 per cent, while Seoul was marginally lower. But Sydney gained 0.39 per cent.

In the morning China's National Bureau of Statistics said the consumer price index, a country's main gauge of inflation, came in at 1.2 per cent in May, down from April's 1.5 per cent.

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