Wednesday 29 June 2016

Asian Market Update : Epic Research Malaysia

Asian markets rose for a second day on Wednesday on hopes that authorities will unveil fresh stimulus to counter the effects of Britain's shock vote to leave the European Union.

After Friday's battering, regional investors have this week led a return to global equities and higher-yielding currencies.

However, analysts warned there would likely be a period of volatility as Britain and its EU partners try to hammer out an exit agreement.

Wednesday's gains built on the previous day's advance after Seoul unveiled a US$17 billion plan to support South Korea's already fragile economy, while news emerged that Japan was considering a similar move.

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