Asian Market Update : Epic Research Malaysia

Asian stocks fell to three-week lows on Tuesday as a deepening rout in Chinese stocks erased risk appetite - sending investors flocking to safe-haven instruments such as government bonds and the Japanese yen.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.8 per cent in early deals, its lowest level since July 9 as mainland Chinese indexes opened 2- 5 per cent lower. "Volatility is the enemy of investor appetite," said the head of index trading at a US fund. "

Any sign of government support to prop up the market will be used by investors to exit the market completely rather than add fresh positions." Since hitting a peak in early June, Chinese shares have gone through a roller-coaster ride with main China indexes falling by a third in less than a month before rebounding by a quarter, only to stage its biggest one-day fall since 2007.

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