Monday, April 27, 2015

Asian Market Update : Epic Research Singapore

Asian markets rose on Monday following another record-breaking close on Wall Street as a weak batch of US data narrowed the chances of an early interest rate hike.

The euro held up against the dollar and yen as investors nervously watch developments in Europe as Greece tries to hammer out a bailout reform deal with its creditors that will unlock much-needed cash to service its debts.

Hong Kong rallied 1.14 per cent, Shanghai added 1.61 per cent, Sydney rose 0.67 per cent, Seoul gained 0.19 per cent and Tokyo was flat.

With few catalysts at the start of the week, regional traders took their lead from New York where the S$P 500 and Nasdaq pushed to new highs Friday.

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