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Asia investors remain cautious ahead of UK referendum | Asia investors remain cautious ahead of UK referendum |
(about 5 hours later) | |
Investors across Asia remained cautious on Tuesday ahead of several key events in the coming two weeks, including the UK's EU referendum. | |
After falling by 3.5% on Monday, Japan's benchmark Nikkei 225 closed down a further 1% at 15,859. | |
In addition to worries over the UK's referendum, investors are also eyeing meetings of the US Federal Reserve and Bank of Japan this week. | |
However, most analysts are not expecting either to alter rates. | |
In China, markets were flat for most of the day. By mid-afternoon, Hong Kong's Hang Seng was down 0.45% at 20,425.51, while the Shanghai Composite rose 0.32% to 2,842.19. | |
Korea investigation | |
In South Korea, the benchmark Kospi index fell 0.36% to 1,972.03. | |
Shares in some firms that fall under South Korean conglomerate Lotte Group closed lower after further raids were conducted on some of the group's businesses. | |
The raids are part of a bribery investigation, according to some reports. | |
Shares of Lotte Shopping fell 1.5%, while shares in Lotte Chemical Corporation closed down more than 1%. | |
Hotel Lotte pulled its largely anticipated initial public offering on Monday. The share offering had been billed as the world's biggest this year, worth some $4.5bn. | |
In Australia, Sydney's S&P/ASX 200 index fell more than 2% to 5,203.3. The index was dragged lower by several sectors including energy and banking. | |
Australia's market had been closed on Monday for the Queen's birthday. |