Shares in Asia mostly higher on Brexit polls, Shanghai bucks trend
Published Jun 19, 2016 10:19PM ET
Asian shares mostly higher
Investing.com - Asian shares mostly gained on Monday though Shanghai drifted lower on upbeat sentiment after weekend polls suggested the "Remain" camp was gathering momentum in the Brexit vote.
The Nikkei 225 gained 1.92%, while the S&P/ASX rose 1.17%, the Shanghai Composite however fell 0.54%.
Earlier, the People's Bank of China set the yuan central parity rate against the dollar stronger at 6.5708 on Monday compared with 6.5795 Friday.
Two opinion polls published on Saturday showed that support for the 'Remain' campaign had regained its lead over a vote to leave, while a third showed momentum shifting in favor of a vote to remain in the 28 member bloc for the June 23 vote.
As well on Monday in Japan, the adjusted trade balance came in at ¥270 billion, wider than a surplus of ¥130 billion expected for May, while exports dropped 11.3%, more than the 10.4% year-on-year fall seen and imports came in as expected, down 13.8% year-on-year.
The overall trade balance came in at a drop of ¥41 billion, the first deficit in four months.
Last week, U.S. stocks were lower after the close on Friday, as losses in the Healthcare, Technology and Consumer Services sectors led shares lower.
At the close in NYSE, the Dow Jones Industrial Average fell 0.33%, while the S&P 500 index fell 0.33%, and the NASDAQ Composite index declined 0.92%.
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Written By: Investing.com
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