Asian Market Update : Epic Research Malaysia

Asian stock markets extended their gains Wednesday, with buying supported by another Wall Street rally as a positive reading on US growth and consumer spending renewed confidence in the world's top economy.

Oil prices also enjoyed fresh buying - with the US benchmark holding above its European counterpart after overtaking it Tuesday for the first time in nearly a year - while regional energy firms ticked higher.

US stocks climbed for a second day on data showing steady economic growth in line with expectations during July-September, while personal consumption, which drives about two-thirds of the economy, was also solid.

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