Tuesday, 22 December 2015

Asian Market Update : Epic Research Malaysia

Asian shares swung on low volume after a late surge in US stocks on the prospect of more stimulus from China. Australian bonds extended gains, while Brent oil halted its slide at an 11-year low.

Equities from Singapore to Sydney advanced while those in Seoul fell. Futures on the Standard & Poor's 500 Index gained 0.1 per cent after the gauge rebounded from its biggest two-day loss in three months.

 Australia's bonds rallied for a fourth day, tracking gains in Treasuries, and Indonesia's rupiah rose to a one-month high. A gauge of the dollar headed for its biggest monthly drop in eight months before a report forecast to show the US economy grew less than previously estimated in the third quarter.

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