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Saturday, January 10, 2015

Epic Research Update : Asian Markets

Asian stock markets advanced early Friday, taking cues from a surge on Wall Street amid hopes for continued improvement in the USeconomy, while steady oil prices also provided support.



China's benchmark Shanghai Composite index opened down 0.5 percent after data showed the mainland's consumer price index (Epic Research Update : Asian MarketsCPI) hovered near a five-year of 1.5 percent in December, in line with expectations, offering signs of persisting weakness in the economy.


Meanwhile in Hong Kong, the Hang Seng index added 0.6 percent in early trade.


Japan's benchmark Nikkei 225 index rallied early Friday, set for a third straight winning session, aided by a weak yen and strong gains on Wall Street overnight.



South Korean shares extended Thursday's gains as index heavyweights rallied, while the junior Kosdaq index advanced 1 percent.

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