Asian Market Update : Epic Research Malaysia

Asian stocks fell for the first time in three days on Tuesday, as a stronger yen weighed on exporters in Japan and speculation mounted the US is closer to raising interest rates.

The MSCI Asia Pacific Index lost 0.2 per cent to 125.91 as of 9:04 am in Tokyo. Japan's Topix index slid 0.5 per cent after the yen climbed 0.8 per cent against the US dollar on Monday.

Australia's S&P/ASX 200 Index traded little changed. New Zealand's S&P/NZX 50 Index lost 0.4 per cent. South Korea's Kospi index retreated 0.3 per cent.

Overnight the S&P 500 Index slipped 0.2 per cent as an increasing number of Federal Reserve officials appeared to back the case for higher borrowing costs this year. Traders have boosted the probability of higher rates next month to 32 per cent, up from 4 per cent a week ago.

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