Asian Market Update : Epic Research Malaysia

Asian shares climbed and the South Korean won rallied to a one-year high as reduced bets on US interest-rate increases spurred appetite for higher-yielding assets. Japanese equities retreated after the yen posted its strongest weekly gain since the UK voted to leave the European Union.

The MSCI Asia-Pacific Index of stocks rose for a sixth day, with equity benchmarks climbing more than 0.6 per cent in Hong Kong, Australia and South Korea. US index futures extended gains after Friday's weaker-than-expected reading on US gross domestic product. Crude was little changed above US$41 a barrel in New York. The won rose a fifth day as Malaysia's ringgit rallied versus the dollar.

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