Asian Market Update : Epic Research Malaysia

Asian stocks rose, led by Japanese equities as the yen retreated after a seven-day rally amid the start of the US earnings season.

The MSCI Asia Pacific Index gained 0.3 per cent to 127.07 as of 9:13 am in Tokyo. Japan's Topix index jumped 0.9 per cent as the yen slipped.

Alcoa Inc kicked off the earnings season by cutting its outlook after net income declined.

Global equities are under pressure in April amid concern over the potency of central bank stimulus efforts and a selloff in Japanese shares. Stocks in Tokyo are among this year's worst performers as a stronger yen weighs on exporters' profit outlooks and investors question the country's economic fundamentals.

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