Thursday, 4 August 2016

Asian Market Update : Epic Research Malaysia

Asian stocks rebounded after the worst decline in five weeks as Japanese shares climbed and material companies led gains on the regional benchmark gauge.

The MSCI Asia Pacific Index rose 0.3 per cent to 134.64 as of 9:02 am in Tokyo after falling the most since June 24 on Wednesday. The measure is shaping up for its worst week since mid-June as Japanese shares slumped after additional stimulus failed to impress investors.

Commodity producers and technology companies led gains on the regional gauge as nine of 10 industry groups advanced. The Bank of England is set to cut rates to a record later Thursday, according to almost all economists in a Bloomberg survey.

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