Epic Research Update : Asian Markets

Asian stocks struck a fresh decade high on Wednesday as risk appetites were whetted by a bevy of upbeat manufacturing surveys that confirmed a synchronised upturn in world growth was well under way.

Investors also piled into emerging market trades. MSCI’s index of Asia-Pacific shares outside Japan edged up another 0.1 percent, having jumped 1.4 percent on Tuesday in its best performance since last March.

The index is creeping ever closer to the all-time peak of 591.50 reached in late 2007. South Korean stocks were up for the fourth session running, while Japan’s Nikkei remained closed for holidays.

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