Epic Research Update : Asian Markets
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Epic Research Update : Asian Markets

Epic Research Update : Asian Markets
Epic Research Update : Asian Markets

Fears that an interest rate hike in the United States is imminent drove Asian stock markets lower on Monday.

Japan’s Nikkei 225 drifted lower after government data showed the world’s third-biggest economy grew less than previously thought in the final quarter of 2014. Gross domestic product (GDP) grew an annualized 1.5 percent in the October-December period, down from an initial reading of 2.2 percent in February, but still showed Japan emerging out of recession.

South Korea’s Kospi index retreated on the back of a lackluster showing by the index heavyweights, after managing a five-month closing high of 2,012 last Friday.

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