Thursday 15 October 2015

Asian Market Update : Epic Research Malaysia

Asian stocks climbed, with the regional benchmark index heading for its first advance in three days, as technology and phone shares advanced.

The MSCI Asia Pacific Index rose 1.2 per cent to 133.04 as of 9.47 am in Hong Kong. The gauge slipped in the past two days, while the Shanghai Composite Index dropped for the first time in six days on Wednesday after data showed Chinese factory- gate prices matched their biggest slump since the global financial crisis, underscoring headwinds for the world's second- largest economy.

"Stimulus hopes are putting a pause to the correction that we've seen this week," said Audrey Goh, an investment strategist at Standard Chartered Plc in Singapore.

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