Asian Market Update : Epic Research Singapore

Asian markets mostly advanced Monday following rallies on Wall Street and in Europe, while the dollar continued to struggle after the Federal Reserve dampened expectations for an early interest rate hike.

Tokyo rose 0.83 per cent, Hong Kong gained 0.37 per cent, Seoul added 0.10 per cent and Shanghai was up 0.63 per cent, marking a ninth successive rise. Sydney eased 0.34 per cent.

With few catalysts to drive business early in the week investors took their lead from their US counterparts, who have been cheered by the Fed's dovish comments on rates.

While the central bank opened the door Wednesday for a rise this year, it said there were still weaknesses in the US economy, including low inflation and soft manufacturing. The news sent global shares soaring and the dollar tumbling.

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