Asian Market Update : Epic Research Malaysia

Asian shares extended losses to three-week lows on Friday, while the yen soared to a 17-month high against the dollar as investors bet Japan would be hard pressed to drive down its currency in the face of widespread foreign opposition.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.5 per cent, heading for a weekly drop of 1.8 per cent.

Japan's Nikkei pared earlier losses to near-two-month lows to trade 0.6 per cent lower, with financials under pressure. It's on track for a decline of 3.1 per cent for the week.

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