Asian Market Update : Epic Research Malaysia

Major Asian markets defied a negative lead from Wall Street on Thursday, with Shanghai performing especially strongly and Japan Post shares soaring again in Tokyo.

The benchmark Shanghai Composite index was at a 10-week high by 0230 GMT, extending gains from the previous day when the market rallied more than four per cent on hopes for economic reforms.

The benchmark Nikkei 225 index at the Tokyo Stock Exchange was up 1.03 per cent by 0245 GMT, while the Hang Seng Index in Hong Kong rose 0.27 per cent.

China's ruling Communist party issued guidelines for its 2016-2020 development plan on Tuesday, including calling for liberalisation in its capital markets and foreign exchange regime, following a high-level meeting last week.

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