Asian Market Update : Epic Research Malaysia

Asian stocksrallied into a second day, led by commodity and technology companies amid an oil-led revival in raw materials and after Apple Inc drove a rebound in the US.

Japanese shares climbed as the yen nursed last session's retreat against the dollar, with US crude holding around a six-month high and continued gains in industrial metals bolstering investors' appetite for risk.

Technology stocks rose after Apple jumped the most since March as Warren Buffett's Berkshire Hathaway Inc disclosed a stake in the world's most valuable company. Australian and New Zealand government debt tracked a drop in Treasuries amid speculation over the outlook for US monetary policy. Gold advanced.

Berkshire Hathaway's disclosure of a US$1.1 billion stake in Apple reinvigorated a stock that has slumped more than 10 per cent this year amid concern over the faltering smartphone market.

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