Asian Market Update : Epic Research Malaysia

Asian shares rose a fourth day, extending gains at an almost one-year high as US crude oil traded near its highest price in two weeks. Copper declined ahead of data on Chinese prices.

Mining and consumer stocks drove gains in the regional benchmark, with Japanese equities up following a pullback in the yen. US crude traded just below US$43 a barrel after jumping 2.9 per cent Monday as Opec said the current bear market would be short-lived.

Copper fell following a rally in industrial metals, while oil's bounce buoyed the Malaysian ringgit. The Australian and New Zealand dollars also strengthened. Wheat swung back to losses.

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