Friday, 19 February 2016

Asian Market Update : Epic Research Malaysia

The rally in Asia stocks fizzled out Friday, as a renewed weakening in the price of oil dampened sentiment and safe haven assets such as the yen received a boost.

US crude fell below US$31 a barrel as traders digested news that American stockpiles rose to the highest in more than eight decades.

While turbulence in Asian markets has abated this week with losses earlier in the year being partially won back, investors remain on alert over the global glut in crude and China's economic outlook.

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