Asian Market Update : Epic Research Malaysia

Asian markets ticked higher on Wednesday following another record close on Wall Street as investors welcomed more upbeat data indicating the US economy is back on track.

The positive US figures helped the dollar consolidate against the yen at a seven-month high, while it was at an 11-month peak against the euro following disappointing German data.

Tokyo shares rose 0.10 per cent in the morning, Hong Kong added 0.14 per cent, Sydney gained 0.16 per cent and Seoul advanced 0.53 per cent, while Shanghai was up 0.19 per cent.

US stocks jumped anew Tuesday after the Conference Board said consumer confidence rose for a fourth straight month to its strongest level since February 2008. Also, durable goods orders surged in July to a new monthly record, according to the Commerce Department.

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