Asian Market Update : Epic Research Malaysia

The US central bank's decision to hold off hiking interest rates sent emerging market currencies and most Asian markets advancing on Friday (Sept 18), as concerns eased over an outflow of cash as the global economy suffers a painful slowdown.

In mid-morning trade most Asian stock markets advanced with Hong Kong up 0.63 per cent, Shanghai 0.33 per cent higher and Sydney and Seoul 0.30 per cent stronger.

But Tokyo was 1.28 per cent lower as investors were spooked by Mr Yellen's downbeat assessment of the global outlook. However, it pared earlier losses of almost two per cent.

The Straits Times Index was up 0.63 per cent at 2,914.09 as of 11:05 am.

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