Friday 15 January 2016

Asian Market Update : Epic Research Malaysia

The volatility that has characterised the start of the year extended another session Friday, with most markets rebounding from another sell-off but with investors remaining on edge.

Buying supported a surge on Wall Street, which followed a rally in oil prices, upbeat earnings reports and comments from a key Federal Reserve official suggesting it could hold off another interest rate rise.

In Sydney, miner BHP Billiton scored healthy gains despite saying it would book a multi-billion-dollar loss and cut its rig count as the plunge in crude prices hammered its US shale gas operations.

Global markets have seen trillions of dollars wiped off valuations since the start of the year, hit by slumping oil prices as well as worries about a growth slowdown in China, and Beijing's bungled handling of the crisis.

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