Asian Market Update : Epic Research Malaysia

Asian markets rose Wednesday following strong gains on Wall Street, as traders awaited news from the US Federal Reserve about interest rate plans for the world's largest economy.

Tokyo stocks rose 1.38 per cent by the break, Hong Kong was up 0.88 per cent, Shanghai gained 0.36 per cent and Seoul climbed 1.16 per cent. Sydney edged down 0.1 per cent.

Wall Street provided a healthy lead, with the Dow jumping back above 17,000 on Tuesday following a strong report on US consumer confidence and another round of mostly solid corporate earnings.

The Fed ends a two-day policy meeting on Wednesday, with traders expecting the central bank to end the vast asset-purchase stimulus programme credited with propping up US growth after the 2008 financial crisis.

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