Asian Market Update : Epic Research Malaysia

Asian shares extended their gains on Tuesday as a combination of stabilising Chinese markets, a rebound in oil prices and solid US consumption data drove investors to look for bargains after last week's rout.

MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.6 per cent, with Chinese bank shares leading the gains after a surprise jump in China's bank lending data.

Mainland Chinese shares also rose 2.5 per cent to three-week highs.

Japan's Nikkei rose 0.9 per cent after a 7.2 per cent climb on Monday, recovering a sizable part of its 11 percent slump last week - its biggest since 2008.

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