Friday 17 June 2016

Asia Trades Higher despite Uncertainties Surrounding Brexit

Asia markets traded higher on the final day of a week marked by volatility amid concerns surrounding key central bank decisions and the UK's upcoming June 23 referendum vote on its future within the European Union.

Investor sentiment in Asia also received a boost after US stocks ended a five-day losing streak to close higher Thursday. Australia's ASX 200 added 0.2 percent in morning trade, boosted by a 0.62 percent advance in the financials sub-index, which accounts for nearly half of the broader index. 

In South Korea, the Kospi was up 0.52 percent; Hong Kong's Hang Seng index added 1 percent. Chinese mainland shares traded higher, with the benchmark Shanghai composite up 0.81 percent and the Shenzhen composite adding 1.39 percent.

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