Asian Market Update : Epic Research Malaysia

Stock markets rallied again on Thursday morning, tracking another surge in Europe and New York and extending a rebound from last week's hammering fuelled by Britain's shock vote to leave the EU.

The pound also held on to most of its gains versus the dollar as other higher-yielding, riskier, currencies also benefited from hope that the fallout from Friday's referendum will not be as bad as feared.

Speculation that authorities will announce monetary easing measures to offset any negative impact have also provided strong support.

"Optimism is rising that this event won't be the catalyst for global market volatility," said Sharon Zollner, a senior economist in Auckland at ANZ Bank New Zealand.

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