Asian Market Update : Epic Research Malaysia

Asian shares were mostly higher on Wednesday on hopes that Beijing could stem the rout in its markets without damage to the economy, though caution was the watchword ahead of a policy decision from the US Federal Reserve.

The CSI300 index of the largest listed companies in Shanghai and Shenzhen gained 0.6 per cent in choppy morning trade, while the Shanghai Composite rose 0.7 per cent.

Sentiment has been soothed a little by pledges from Chinese regulators to buy shares to stabilise stocks if needed and hints of more policy easing from the central bank.

Yet investors remain understandably wary of a market that, without warning, fell more than 8 per cent on Monday.

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