Friday, October 17, 2014

Asian Market Update : Epic Research Singapore

Asian stocks were tentatively higher on Friday after a solid set of US data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge.

Japan's Nikkei share average rose 0.3 per cent from a 4 1/2-month low hit the previous day while MSCI's broadest index of Asia-Pacific shares outside Japan put on a similar amount.

Helping calm investor nerves was data overnight showing the number of Americans filing new claims for jobless benefits fell to a 14-year low last week and industrial output rose sharply in September after a fall in the previous month.

The reports prompted a relief bounce in many risk assets that had been battered this week on worries about weakening global growth.

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