Asian Market Update : Epic Research Malaysia

Asia's major markets declined on Wednesday following a three-day rally across the region, while traders await the release of key Chinese trade data later in the day.

While Wall Street provided a positive lead thanks to another pick-up in oil prices, dealers decided to take a break and cash in their recent gains while the World Bank cut its growth outlook for the global economy.

The Dow and S&P 500 shifted higher Tuesday, led by energy firms as crude pushed above US$50 to sit at 11-month highs thanks to a weaker dollar and output disruptions in key producer Nigeria.

Market players will be closely watching the release in Beijing of import and export figures, with expectations of another drop as the world's number two economy is dragged by a long-running growth slowdown. Ahead of the release Shanghai was down 0.7 per cent, Hong Kong lost 0.5 per cent and Sydney was 0.4 per cent lower.

For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my