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Asia's shares rise before the referendum

Asia's shares escalated today amid the fears over Britain's referendum taking place on June 23rd. Investors focus on safe-haven assets as a way of tackling the latest financial anxiety in place.

Asia and Europe's stocks rise

The European shares also traded higher and made a good start, with the expectations for DAX starting the day 1.1% higher, and Britain's FTSE 100 performing a 0.8% rise.

The sterling was considerably volatile over the last week, while lately rising to $1.4255, an appreciation of 0.4% some days before the referendum.

Furthermore, Asia's Pacific stocks, excluding Japan, traded 2.7% lower for the week, while lately having risen 0.6%.

The Shanghai Composite climbed 0.4%, China's CSI 300 index rose 0.5%, and Hang Seng of Hong Kong won 0.5%.

The dollar index made a weekly loss, falling 0.1%. The euro traded versus the yen 2.4% lower, adding 0.3% to 117.39 yen, escalating from yesterday's 155.51 level.

Moreover, the commodities such as gold climbed to $1,283.33 an ounce, advancing 0.4%, whereas the U.S. crude neared to $46.66 a barrel, rising approximately 1%.

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Friday, 17 Jun, 2016 / 7:55

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/asia-s-shares-rise-before-the-referendum

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