Epic Research Update : Asian Markets

Asian shares inched closer to their record 2007 peak on Friday as US jobs data pointed to firm economic growth although the greenback was soft as the spectre of benign inflation capped domestic bond yields.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2 percent in early trade, with the benchmark index in Australia and South Korea both up about 0.5 percent.

The MSCI index was about 1 percent off the all-time peak it hit in November 2007 of 591.5.

Japan’s Nikkei also gained 0.5 percent to a 26-year high.

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