Asian Market Update : Epic Research Malaysia

Asian stocks outside Japan rose as investors maintained bets the Federal Reserve will proceed cautiously on raising interest rates, even as data show the world's biggest economy is strengthening.

Oil slid after Saudi Arabia backed away from a commitment to freeze crude output.

The Asian equity benchmark advanced after strong US manufacturing and jobs reports had little impact on speculation that the Fed will hold off from tightening policy until near the end of the year.

Japanese shares slipped as the yen touched a two-week high against the greenback. Crude extended declines after Saudi Arabia's deputy crown prince said the kingdom will only arrest production if Iran does.

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