Asia gains in early trade; Nikkei up 2.7%, Kospi up 1% - Dollar Advisory & Financial Services

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Monday 20 June 2016

Asia gains in early trade; Nikkei up 2.7%, Kospi up 1%

Asia markets turned positive on Mon once the open, amid easing Brexit considerations once many weekend polls showed the stay camp regained momentum before a vote vote to come to a decision the UK's future at intervals the ecu Union (EU). Australia's ASX two hundred advanced one.

34 p.c in early trade, with a 1.64 p.c increase within the financials sub-index, that accounts for nearly 1/2 the broader index. The energy and materials sub-indexes conjointly advanced three.61 and 1.72 p.c severally. The benchmark Nikkei two5 was up 2.62 p.c as a comparatively weaker yen took some pressure off stocks. Across the Korea Strait, the Kospi gained one.16 percent. Chris Weston, chief strategist at spreadbettor immune serum globulin, aforementioned risk appetence had enlarged once weekend polls showed momentum in favor of the stay camp within the Brexit vote.

"Volumes through the equity market are going to be key nowadays, as this can detail whether or not any shopping for has real backbone or whether or not this can be a lot of a foothold adjustment," Weston aforementioned.

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