Friday, January 15, 2016

Epic Research Update : Asian Markets

POSTED BY: EPIC RESEARCH JANUARY 15, 2016

Asian stocks won a temporary reprieve on Friday after oil prices snapped their eight-day rout, helping to lift battered energy shares even as investors remained on edge as they looked for signs of stability in China’s economy and its volatile markets.

MSCI’s broadest index of Asia-Pacific shares outside Japan, which hit a four-year low on Thursday, rose 0.5 percent while Japan’s Nikkei jumped 1.8 percent.

The Shanghai composite index ended 2.0 percent higher on Thursday, reversing earlier fall to a 4 1/2-month low.

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