Asian Market Update : Epic Research Malaysia

Oil extended the previous day's rally and Asian stocks surged Thursday while the US dollar held its losses as the turmoil on global markets lowers expectations the US will hike interest rates again this year.

Energy firms, for so long beaten down by the collapse in commodities, led gains as fresh hopes for talks between Russia and Opec on cutting output lit a fire under crude prices.

The gains are the latest in a volatile cycle that has characterised the start of 2016 as traders fret over the state of the global economy, the slowdown in China's growth and the oil rout.

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