Asian Market Update : Epic Research Malaysia

Asian shares got off to a slow start on Monday as a holiday in Japan sapped liquidity, while the prospect of more policy easing in Europe kept the euro on the defensive to the benefit of the US dollar.

MSCI's broadest index of Asia-Pacific shares outside Japan was all but flat, while South Korea's main index gained 0.2 per cent.

The head of the European Central Bank, Mario Draghi, last week offered the strongest hint yet that the ECB will unveil fresh stimulus measures at its Dec 3 policy meeting.

The contrast with the US Federal Reserve could not be more stark as it seems destined to lift rates in December for the first time in a decade, underpinning the dollar.

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