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Monday, 19 June 2017 01:37

Asia stocks shake off Wall St. blues, sterling steady pre-Brexit talks

Written by  Reuters

SINGAPORE Asian stocks rose on Monday, shaking off Wall Street's subdued performance on Friday, and sterling was steady after a van rammed into worshippers leaving a London mosque, killing at least one person, as markets braced for the start of Brexit talks.

European stock markets were set for a strong start to the week, with financial spreadbetter CMC Markets expecting Britain's FTSE 100 .FTSE to open 0.6 percent higher, France's CAC 40 .FCHI to be up 0.3 percent and Germany's DAX .GDAXI 0.2 percent.

MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.7 percent.

Japan's Nikkei .N225 climbed 0.6 percent.

Australian shares added 0.3 percent and South Korea's KOSPI .KS11 rose 0.4 percent.

Chinese blue-chip shares .CSI300 advanced 0.8 percent on signs tight liquidity conditions were easing. Data showing home prices rose 10.4 percent in May from a year ago, although slowing from April's 10.7 percent gain, helped boost real estate stocks.

Hong Kong's Hang Seng .HSI gained 0.9 percent.

"Generally, the environment still remains fairly positive for risk appetite," said Khoon Goh, head of Asia research at Australia and New Zealand Banking Group in Singapore.

"Now that the (Federal Reserve interest rate decision) is out of the way, the focus, for this region anyway, will remain on whether the economic environment will stay positive and the recovery will continue.

Read more at Reuters

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