Asian Market Update : Epic Research Malaysia

Asian markets rose for a third straight day on Wednesday, with Tokyo hitting a more than 18-year high, on confidence Greece will finally hammer out a bailout reform deal with its creditors, averting a default.

With expectations high that a last-minute agreement will be reached, the euro resumed its downward spiral against the dollar as traders turned their attention to a possible US rate hike and European monetary easing.

Tokyo climbed 0.56 per cent to its highest level since late 1996, Hong Kong added 0.23 per cent, Shanghai gained 0.61 per cent, Sydney put on 0.15 per cent and Seoul edged higher.

Global equity markets are on a run this week after Greece at the weekend submitted proposals for overhauling its bailout terms that were welcomed by its creditors.

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