Asian Market Update : Epic Research Malaysia

Asian stocks fluctuated as investors await further signs from the Federal Reserve on when the US will raise borrowing costs. Japanese shares slid amid tense talks between finance chiefs from the world's biggest advanced economies over the strength of the yen.

The MSCI Asia Pacific Index slid 0.1 per cent to 125.53 as of 9:02 am in Tokyo after earlier rising as much as 0.1 per cent. The regional benchmark equities gauge fell for a fourth week through May 20 as minutes of the Fed's April meeting indicated most policy makers thought a rate increase in June would be appropriate should the US economy continue to improve.

Stronger-than-expected American economic data also bolstered the case for tighter policy and odds of an increase in US borrowing costs next month are now at 28 per cent, up from 4 per cent a week ago.

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