Monday 20 June 2016

Asia Gains in early Trade; Nikkei up 2.7%, Kospi Up 1%

Asia markets turned positive on Monday after the open, amid easing Brexit concerns after several weekend polls showed the remain camp regained momentum ahead of a referendum vote to decide the UK's future within the European Union (EU). 

Australia's ASX 200 advanced 1.34 percent in early trade, with a 1.64 percent increase in the financials sub-index, which accounts for nearly half of the broader index.

The energy and materials sub-indexes also advanced 3.61 and 1.72 percent respectively. The benchmark Nikkei 225 was up 2.62 percent as a relatively weaker yen took some pressure off stocks. Across the Korean Strait, the Kospi gained 1.16 percent.

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