Asian Market Update : Epic Research Malaysia

Asian stocks were mixed in early trading on Wednesday as investors assessed the geopolitical risk surrounding Turkey's downing of a Russian fighter jet, while crude oil prices eased from two-week highs.

MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.2 per cent. Australian shares dipped 0.1 per cent while Japan's Nikkei shed 0.4 per cent. South Korea's Kospi was virtually unchanged.

Turkey shot down a Russian craft near the Syrian border on Tuesday, saying the jet had violated its air space, in one of the most serious publicly acknowledged clashes between a NATO member country and Russia for half a century. "The conclusion would be Russia would not want to take this too much further at a time when its economy is seeing some green shoots after the past two years of sanctions," said Evan Lucas, market strategist at IG in Melbourne, adding that Turkey is Russia's second-biggest energy customer.

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