Friday, April 24, 2015

Asian Market Update : Epic Research Singapore

Most Asian markets rose Friday, taking a positive lead from Wall Street where the Nasdaq broke a 15-year-old record high, while the euro ticked higher ahead of a key eurozone meeting to discuss Greece's debt crisis.

Oil prices edged down after another rally that has been fuelled by worries that unrest in Yemen could hit Middle East supplies.

Hong Kong added 0.45 per cent, Sydney rose 1.19 per cent and Seoul gained 0.23 per cent while Singapore put on 0.41 per cent and Taipei jumped 1.35 per cent.

However, Tokyo slipped 0.55 per cent and Shanghai lost 0.68 per cent.

With few catalysts in Asia, investors tracked their US counterparts, where the tech-heavy Nasdaq passed its previous record high set at the peak of the dot-com boom.

The index added 0.42 per cent to finish at 5,056.06, finally making up the nearly 4,000 points lost in a stunning crash that followed the previous closing high set on March 10, 2000.

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