Epic Research Update : Asian Markets

Asian shares gained on Monday, following the strong lead from Wall Street in the last session. With few data releases expected during the session, many investors awaited earnings releases from regional corporates later in the week.

In Sydney, the S&P/ASX 200 edged up 0.21 percent in the morning. Australia’s “Big Four” banks were higher on the day, with ANZ climbing 0.52 percent. Gold producers, meanwhile, took a tumble, with the All Ordinaries Gold index falling by 0.93 percent.

South Korea’s Kospi hovered around break even, gaining 0.08 percent after earlier slipping below the flat line. Gains in retailers and steelmakers were offset by losses in several heavyweight technology names. Blue chips Samsung Electronics and SK Hynix lost 1.04 percent and 1.39 percent, respectively.

Japanese markets are closed for Coming of Age Day.

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