Thursday, April 17, 2014

Epic Research Singapore : Asian Market Update

Asian markets were mixed on Thursday as a positive report on the US economy and the Federal Reserve chief's pledge to keep interest rates at record lows were offset by profit-taking after the previous day's gains.

Wall Street provided another positive lead, with the technology-weighted Nasdaq leading a third-straight rally after last week's heavy sell-off.
Tokyo was 0.36 per cent lower at the break, Hong Kong rose 0.35 per cent, Sydney added 0.54 per cent, Shanghai dipped 0.11 per cent and Seoul shed 0.13 per cent.
Regional shares enjoyed buying on Wednesday after China released data showing its economy expanded more than expected in the first three months of the year.

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