Asian stocks mixed amid Brexit fallout

Most of Asian stocks were mixed on Monday as jittery traders watched for more fallout from Britain's vote to exit the European Union.
Japanese and Chinese stocks rose but other Asian markets declined, crude prices fell further and US shares appeared headed for a lower opening.
British pound futures fell versus the dollar and Middle East stocks declined Sunday.
The Saudi Tadawul index, the largest in the Middle East, closed 1.1 per cent lower, but Egypt's EGX 30 saw a 5.54 per cent drop.
On Wall Street, futures for the Dow Jones industrial average and the Standard and Poor's 500 index were down 0.5 per cent in premarket trading Sunday evening.
The pound fell just over 2.0 per cent against the dollar.
On Monday morning, Tokyo's Nikkei 225 rose 1.6 per cent to 15,201.49 points, rebounding at least temporarily from Friday's 7.9 per cent loss, its biggest since the 2008 financial crisis. The Shanghai Composite gained 0.6 per cent to 2,870.92 and Sydney's S&P-ASX 200 added 0.5 per cent to 5,136.80.
Hong Kong's Hang Seng shed 0.7 per cent to 20,112.35 and Seoul's Kospi lost 0.1 per cent to 1,923.13. Benchmarks in Singapore, the Philippines and Indonesia also fell.
The euro currency used by 17 European economies declined to $1.0989 from Sunday's $1.1118. The dollar edged down to 101.71 yen from 102.19.
In energy markets, benchmark US crude shed another 32 cents to $47.32 per barrel in electronic trading on the New York Mercantile Exchange. The contract plummeted $2.47 on Friday to $47.64.
Brent crude, used to price international oils, shed 16 cents to $48.25 in London. It plunged $2.50 on Friday, according to a news agency report.
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Source: The Financial Express


 

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