Asian Markets Mostly Higher; Pound Weaker As Exit Poll Points To Hung UK Parliament - Dollar Advisory & Financial Services

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Friday 9 June 2017

Asian Markets Mostly Higher; Pound Weaker As Exit Poll Points To Hung UK Parliament

The pound weakened on Friday in Asia in volatile trade on the ebb and flow of actual results and an exit poll suggested a hung parliament in the U.K. after Thursday's election, with regional indexes mostly higher.

An exit poll showed U.K. Prime Minister Theresa May's Conservative Party might have lost its parliamentary majority, winning just 314 seats of the 326 seats required for a majority. The poll also showed that the Labour Party would secure 266 seats.

Results from the BBC reflected 49 seats for the Conservatives and 64 for Labour at 9:25 a.m. HK/SIN. The BBC's latest projection said the Conservatives would win 322 seats, while Labour would win 261 seats.

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