Asian Market Update : Epic Research Malaysia

Asian stocks pulled back from an eight-month high and the yen held gains as prospects for central bank stimulus cooled in Japan. Malaysia's ringgit fell to this month's low, while the yuan strengthened.

The MSCI Asia Pacific Index declined after US shares retreated from a record amid a mixed batch of US corporate earnings. Japan's Topix index dropped from a six-week high after central bank Governor Haruhiko Kuroda's opposition to so-called helicopter money became clear.

Malaysia's ringgit slipped for a fifth day as corruption probes into a state investment fund remained in the spotlight and oil traded below US$45 a barrel. The yuan rose for a fourth day as China issued 30-year sovereign bonds at the lowest cost since at least 2008.

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