Asian Market Update : Epic Research Malaysia

Asian stocks rose, sending the regional equities benchmark gauge toward the biggest two-day gain in more than a month, as optimism the US economy is strong enough for increased interest rates fueled a global equity rally.

The MSCI Asia Pacific Index climbed 0.7 per cent to 127.62 as of 9:05 am in Tokyo, after a global rally sent US equities to the highest level in almost a month. The gauge jumped 1.5 per cent Wednesday, the most since April 19, as stocks rebounded from a seven-week low.

The MSCI All Country World Index gained for a third day as increasing signs of strength in the world's biggest economy tempered anxiety over the Federal Reserve's plans to raise interest rates as early as next month.

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