Wednesday, March 26, 2014

Epic Research Singapore : Asian Market Update

Asian markets rose Wednesday following a rally on Wall Street as dealers welcomed a better-than-expected jump in US consumer confidence to a six-year high, while there was muted response to a missile test by North Korea.


The euro eased slightly after the European Central Bank suggested it would be willing to further loosen monetary policy as it grapples with low inflation.

Tokyo added 0.23 per cent by the break, supported by investors picking up stocks to lock in dividends before the new tax year starts in April.

Hong Kong jumped 1.11 per cent, Sydney advanced 1.03 per cent, Shanghai was up 0.15 per cent and Seoul gained 1.00 per cent.

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