Asian markets rise for a third day

PETALING JAYA: Asian markets rallied for a third day to close in positive territory yesterday as concerns over the eurozone’s debt crisis were eased somewhat by China’s commitment to continue diversifying its foreign currency holdings.

However, analysts said, the volatility that characterised the month of May would continue for the forseeable future with uncertainty over policy to contain the debt crisis and austerity measures implemented by eurozone governments to impact the markets.