Monday, 6 May 2013

Asian Markets Update

Asian shares inched higher on Tuesday after the Standard & Poor’s 500 Index closed at a record high overnight on renewed hopes for a steady US recovery, but weak global growth data kept investors wary of pushing prices sharply higher.
The US market’s rally will help, but we probably will see caution holding back the market before key events this week including options expiry and interest rate decisions,” said Lawrence Kim, a market analyst at Woori Investment & Securities, of Seoul shares. The Bank of Korea holds a policy meeting on Thursday.

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