Thursday 17 September 2015

Asian Market Update : Epic Research Malaysia

Asian stocks piled on fresh gains on Thursday, following another global rally as investors keep a nervous eye on the Federal Reserve's interest rate decision later in the day.

While traders are split on whether the US central bank will hike borrowing costs, a broad sense of optimism helped emerging market currencies tick higher while oil extended Wednesday's surge on hopes for a pick-up in demand.

However, Shanghai remains volatile - continuing its wild swings - as authorities struggle to calm nerves about a sharp slowdown in the world's number two economy.

The end of the Fed's rate decision has been the key focus for global investors for weeks as bank policymakers have to weigh a healthy US recovery with a slowdown in overseas economies as well as the recent turmoil unleashed by fears over China.

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