Asian Market Update : Epic Research Malaysia

Asian stocks reversed losses and high-yielding currencies jumped after China refrained from another cut to the yuan's reference rate, providing some reassurance to investors concerned this week's turmoil in Asia's largest economy could spark a fresh global crisis.

Japanese shares rose for the first time in five days, helping the regional benchmark trim its worst weekly rout since 2011, and equities in Hong Kong and Shanghai rallied after China kept the yuan's so-called fixing little changed from Thursday, at 6.5636 per dollar.

The South African rand, Korean won and Australian dollar led currency gains, while the yuan extended its advance into a second day in Hong Kong. US crude oil rallied beyond US$34 a barrel after sliding to a 12-year low last session as anxiety over China added to persistent concerns over a global glut. The yen fell with bonds and Treasuries.

For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my