Asian Market Update : Epic Research Malaysia

Asian stocks outside Japan retreated from a one-year high, following US equities lower, after losses in crude oil clouded the prospects for global growth.

The MSCI Asia Pacific Excluding Japan Index fell 0.4 per cent to 446.44 as of 9:47 am in Hong Kong, poised to halt a five-day gain. Finance and commodity shares fell the most on the regional gauge. Markets in Tokyo are shut for a holiday.

Singapore stocks sank the most in a week as the island nation cut the top end of its 2016 growth forecast. Korean shares fell for the first time in six days and Taiwanese equities slid from the highest close since July 2015.

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