Asian Market Update : Epic Research Malaysia

Asian stocks retreated from near a three- month high and South Korea's won weakened as crude oil held below US$45 a barrel amid a worsening outlook for the global economy.

Raw-materials shares led declines on the MSCI Asia Pacific as shares declined in Japan and South Korea. Equity index futures for China and Hong Kong were little changed, as were contracts on the S&P 500 Index. Turkey's lira held losses after Tuesday's plunge, which was spurred by the government's post- coup purge of the country's institutions.

A three-week run that's boosted the value of global shares by more than US$4.5 trillion has pushed valuations on Asia-Pacific stocks close to the highest level this year.

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