Monday, 21 July 2014

Asian Market Update : Epic Research Malaysia

Asian markets took a lead from Wall Street and rebounded Monday from last week's losses that were fuelled by the downing of a Malaysian airliner in Ukraine.

Hong Kong added 0.10 per cent, Shanghai was flat, Sydney edged up 0.12 per cent and Seoul was 0.47 per cent higher.

Tokyo was closed for a public holiday.

With few catalysts to drive business, investors took the opportunity to pick up cheap shares after a broad sell-off Friday in response to the Malaysia Airlines plane crash, which fanned already high tensions in battle-wracked Ukraine.

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