Asian Market Update : Epic Research Malaysia

Asian stocks crept up on Tuesday as investors took solace from data showing the Chinese economy grew slightly more than expected in the third quarter, calming fears of a deepening slowdown in the world's second-largest economy.

Other data showed factory output rose 8.0 per cent in September from a year earlier, beating expectations for a 7.5 per cent increase and up from August's six-year low of 6.9 percent. However, fixed asset investment and retail sales figures were weaker than expected, suggesting that Beijing still has reason to announce a fresh round of economic support measures.

MSCI's broadest index of Asia-Pacific shares outside Japan rose about 0.3 per cent in morning trade following the Chinese figures, after opening flat.

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