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Asia opens Mixed; Nikkei Gains 1.6%, Kospi Down 0.7%
Asia markets opened mixed on Monday, as traders continued to digest the UK's unexpected vote to leave the European Union (EU). Australia's ASX 200 dropped 0.91 percent in early trade; the financial subindex, which accounts for nearly half of the broader index, was down 2.19 percent, with major Australian banks down more than 1 percent each.
Shares of ANZ dropped 3.11 percent, Commonwealth Bank of Australia down 1.85 percent, Westpac off 2.08 percent and NAB off by 2.44 percent. In South Korea, the Kospi was off 0.7 percent.
Bucking the trend was Japan, where the Nikkei 225 saw a 1.61 percent gain in early trade Japan's government and central bank will hold an emergency meeting on Monday to discuss how to respond to Brexit-related market turbulence, Reuters reported. Prime Minister Shinzo Abe, Finance Minister Taro Aso and Bank of Japan Deputy Governor Hiroshi Nakaso will attend the meeting, to be held at 8:00 a.m. local time, a Ministry of Finance official said.
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