Thursday, 9 July 2015

Epic Research Update : Asian Markets

Epic Research Update : Asian Markets


Asian stock markets advanced early Friday, as the market rebound in China stayed on course for a second consecutive session.

Meanwhile, Greece offered new measures including a tax hike on shipping companies in the latest proposal sent to creditors on Thursday, as Athens raced against the clock to win new financial aid.

The benchmark Shanghai index charged up 2.2 percent, after briefly opening down 0.8 percent.

Japan’s Nikkei 225 reversed a lower open an hour after the market open, but a more than 5 percent slump in index heavyweight Fast Retailing limited the bourse’s advances.

South Korea’s Kospi index struggled near the previous day’s close.

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