Asian Market Update : Epic Research Malaysia

Asian stocks fell for a second day, following a retreat in global equities, as commodity producers dropped with oil and copper amid lingering concerns about moderate global growth before central bank policy decisions.

The MSCI Asia Pacific Index slipped 0.8 per cent to 130.60 as of 9:10 am in Tokyo, paring this week's advance to 0.6 per cent. Optimism that borrowing costs will remain lower for longer amid modest global economic growth is waning ahead of a string events in the next two weeks.

The looming Federal Reserve and Bank of Japan meetings next week, followed by the vote on Britain's membership in the European Union, have the potential to roil markets.

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