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Asian shares up on UK referendum polls | |
(about 2 hours later) | |
Asian shares rallied on Monday on the latest British opinion surveys showing a resurgence of the vote to remain part of the European Union. | Asian shares rallied on Monday on the latest British opinion surveys showing a resurgence of the vote to remain part of the European Union. |
Global markets were hit last week by nervousness ahead of Britain's June 23 vote on whether to leave the EU. | Global markets were hit last week by nervousness ahead of Britain's June 23 vote on whether to leave the EU. |
Japanese shares have kicked off the week's trading with strong gains despite a setback in exports. | Japanese shares have kicked off the week's trading with strong gains despite a setback in exports. |
The country's benchmark index, the Nikkei 225, was up by 2.3%, closing at 15,965.30. | The country's benchmark index, the Nikkei 225, was up by 2.3%, closing at 15,965.30. |
Fresh data from the Japanese government showed that exports in May fell 11.3% compared with a year earlier. | |
London calling | London calling |
The main factor expected to dominate trading sentiment in the coming days remains the British EU referendum. | The main factor expected to dominate trading sentiment in the coming days remains the British EU referendum. |
"More volatility is likely this week," wrote Margaret Yang, analyst with CMC markets in Singapore. | "More volatility is likely this week," wrote Margaret Yang, analyst with CMC markets in Singapore. |
"The entire market is now focused on the UK's EU referendum result." | "The entire market is now focused on the UK's EU referendum result." |
Other stock markets in the region also saw strong gains at the start of trading on Monday. | Other stock markets in the region also saw strong gains at the start of trading on Monday. |
South Korea's Kospi finished 1.2% higher at 1,981.12 while Australia's ASX 200 was 1.8% higher at 5,256.80. | South Korea's Kospi finished 1.2% higher at 1,981.12 while Australia's ASX 200 was 1.8% higher at 5,256.80. |
On the Chinese mainland, the Shanghai Composite edged higher to 2,888.81. | |
Hong Kong's Hang Seng closed 1.7% higher at 20,510.20 points. |