Asian Market Update : Epic Research Malaysia

Asian markets rallied Monday following a rise in New York at the end of last week, while a yen sell-off sent Tokyo surging more than three percent.

However, while the gains will come as some relief after the ups and downs of last week, traders are nervously watching the release of Chinese economic growth data later in the week fearing another weak report.

Tokyo surged 3.40 per cent, Hong Kong jumped 1.00 per cent, Sydney added 0.90 per cent and Seoul climbed 1.44 per cent while Shanghai was flat.

Investors took their lead from Wall Street, where the three main indexes saw healthy advances Friday on bargain-buying and following upbeat earnings from General Electric and Morgan Stanley.

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