Monday, 27 February 2017

Asia lower, Nikkei down 0.8%, Kospi off 0.1%, ASX down 0.2%

Asian markets opened lower on Monday with the sterling tumbling about 0.5 percent to the dollar, while companies continue to report their earnings. Sterling was last quoted down 0.40 percent against the dollar in early Asia trade, with the pound/dollar pair trading at USD 1.2415 at 8:18 a.m. HK/SIN, dropping from levels above USD 1.2500 in the previous session. Earlier, the pound fell a bit over 0.50%. 

Prime Minister Theresa May was preparing for the Scottish government to call a second independence referendum to coincide with the triggering of Article 50 in March. "If that's the case, I suspect there's been a bit of an overreaction here," Ray Attrill, global co-head of foreign exchange strategy at the National Australia Bank.

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