Wednesday 13 January 2016

Asian Market Update : Epic Research Malaysia

Shares and emerging currencies rallied, while oil bounced from 12-year lows in early Asian trade on Wednesday following upbeat Chinese trade data that provided some much-needed respite from a volatile start to 2016.

After more than a week of sharp losses fuelled by worries over China's economy, news that the country's exports had picked up in December provided some added incentive to buy after a strong lead from Europe and New York.

The rise in overseas shipments, from a fall in November, indicated authorities' weakening of the yuan currency against the dollar was beginning to filter through.

A spokesman for China's Customs said in a statement that "foreign trade of private enterprises shows vitality".

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