Asian Market Update : Epic Research Malaysia

The renewed selloff in global equities is showing no signs of abating, with Asian index futures foreshadowing more stock losses as concern over China's slowdown and its impact on the world economy intensifies.

New Zealand stocks kicked off Wednesday trading with a 1.4 per cent decline, following a worldwide snap back that sent a gauge of global shares down to where it was trading at a week ago. Oil maintained its reversal with ongoing concern over supplies whipsawing the market, while the worry over China manifested in more declines for copper futures and the Australian dollar.

"You have worries about the global growth outlook led by Chinese concerns at a time when the Fed is thinking about raising interest rates and that's leaving investors very twitchy," Shane Oliver, a global strategist at AMP Capital Investors Ltd. in Sydney, which oversees about US$114 billion, said by phone.

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