Friday 6 November 2015

Asian Market Update : Epic Research Malaysia

Tokyo's benchmark Nikkei index was on course for its best showing since-mid August on Friday, while traders in Asia were closely watching a US jobs report that could indicate a Fed move on interest rates.

The Nikkei 225 shrugged off a weak lead from US markets to climb higher following a week of gains, led by Japan Post's market debut.

Japan Post is now worth US$36 billion more than its government price tag following the biggest initial public offering globally this year, with its insurance unit especially in demand among investors.

The government hopes the Japan Post sell-off will draw more investment to Japanese firms and provide a lift for Prime Minister Shinzo Abe's faltering bid to kick-start the world's number-three economy.

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