Asian Market Update : Epic Research Malaysia

Asian equities fell across the board on Tuesday after commodity prices languished in the wake of China growth woes and dampened risk sentiment, while the euro hovered near a 10-day low ahead of a European Central Bank meeting that could open the door for more monetary easing. The Canadian dollar, already under pressure from sliding crude oil prices, faced extra headwinds as Canada's Liberal Party, was tipped to won Monday's general election which would pave the way for increased government spending. According to a vote projection by CTV News, Justin Trudeau's Liberals were set to topple Prime Minister Stephen Harper's Conservative government, which is known for its fiscal conservatism. Canada's loonie dipped 0.2 percent to CUSD 1.3038 to the dollar after slumping 0.9 percent overnight on the prospect of voters opting for a prime minister who plans to run deficits to increase infrastructure spending.

Read more at: http://www.moneycontrol.com/news/asian-markets/asia-drops-as-commodities-languish_3685401.html?utm_source=ref_article

Asian equities fell across the board on Tuesday after commodity prices languished in the wake of China growth woes and dampened risk sentiment, while the euro hovered near a 10-day low ahead of a European Central Bank meeting that could open the door for more monetary easing.

The Canadian dollar, already under pressure from sliding crude oil prices, faced extra headwinds as Canada's Liberal Party, was tipped to won Monday's general election which would pave the way for increased government spending.

According to a vote projection by CTV News, Justin Trudeau's Liberals were set to topple Prime Minister Stephen Harper's Conservative government, which is known for its fiscal conservatism.

Canada's loonie dipped 0.2 percent to CUSD 1.3038 to the dollar after slumping 0.9 percent overnight on the prospect of voters opting for a prime minister who plans to run deficits to increase infrastructure spending.

MSCI's broadest index of Asia-Pacific shares outside Japan shed 0.4 percent.

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