Asian stocks struggle to shake uncertainty sparked by Brexit - News Summed Up

Asian stocks struggle to shake uncertainty sparked by Brexit


US S&P mini futures, the world’s most traded stock futures, fell 0.5% to 2,009, edging near Friday’s 3-1/2 month low of 1,999. Photo: APTokyo: Asian stocks fell and the British pound tumbled more than 2% on Monday as markets struggled to shake off deep uncertainty sparked by Britain’s decision to leave the European Union. Still, the dollar fell 0.4% against the safe-haven yen, trading around ¥101.80. On Friday, it fell as low as 1.406%, near its record low of 1.381% marked in July 2012. Sentiment remained weak and trading was volatile, even if the worst of the turmoil seen on Friday, when global stock markets suffered their biggest decline in nearly five years, had eased.


Source: Mint June 27, 2016 03:11 UTC



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