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Tuesday, October 6, 2015

Epic Research Update : Asian Markets


Epic Research Update : Asian Markets

Asian equities extended gains into a second session on Tuesday following another US rally, while investors also kept an eye on the region’s central banks. Markets in China remain closed until Wednesday for National Day holidays.
Nikkei up 1.3 percent
Japan’s benchmark Nikkei index spiked to its highest level since September 17, rallying as much as 2 percent. Speculation among market participants is high that the Bank of Japan (BoJ) could announce a fresh round of monetary stimulus this month, possibly as early as Wednesday, amid contracting growth and deflationary consumer prices.
Kospi adds 0.6 percent
South Korean shares rose to their strongest level since August 11 after closing at a more than two-week high in the previous session.
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