Asian Market Update : Epic Research Malaysia

Asian stocks erased losses and US equity-index futures climbed as some of the most heavily sold shares in Hong Kong and China rebounded. Copper fluctuated with commodity-producers' currencies.

The MSCI Asia Pacific Index erased a loss of as much as 1.7 per cent by 12 pm in Tokyo, after touching its lowest level since January. Hong Kong's Hang Seng China Enterprises Index rallied 2.8 per cent after a five-day, 12 per cent rout. Shanghai's benchmark index fluctuated, with 50 pe rcent of the mainland equities halted. Standard & Poor's 500 Index futures rose 0.5 per cent. Copper swung to a 0.7 per cent gain, oil climbed and Australia's dollar erased a drop after a bigger- than-estimated employment increase.

China is bolstering efforts to arrest a selloff that has erased more than US$3 trillion of value and begun to ripple through risk assets globally.

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