Wednesday, July 30, 2014

Asian Market Update : Epic Research Singapore

Asia's markets rose further on Wednesday, extending a recent rally, with a weaker yen boosting Tokyo while investors await the release this week of key US data and the Federal Reserve's policy meeting.
The US and Europe's imposition of fresh sanctions on Russia left Wall Street in negative territory, while the euro struggled at eight-month lows against the dollar owing to concerns about the impact of the measures on the eurozone economy.
Tokyo rose 0.18 per cent, while Hong Kong added 0.55 per cent, Shanghai gained 0.27 per cent, Sydney put on 0.61 per cent and Seoul picked up 0.69 per cent.
The Japanese market has enjoyed a pick-up in recent weeks thanks to a dip in the yen, which helps exporters, as well as upbeat corporate earnings.
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