Asian shares cheered by Brexit deal hopes, sterling shines
Wednesday, 16 October 2019 08:05 WIB | MARKET UPDATE |indeks Kospiindeks SP/ASX 200 Indeks MSCI Asia PasifikSaham Asian

Asian shares took off on Wednesday and sterling held near six-month highs as Britain and the EU made headway on a Brexit deal ahead of a leaders' summit though it remained unclear if London could avoid postponing its scheduled departure on Oct. 31.

The British pound rocketed to $1.28, a level not seen since May 21. It gave back some of those gains on Wednesday to be last at $1.2759. The pound has strengthened nearly 5% over the past week as investors rushed to reprice the prospect of a last-minute Brexit deal before the end-October deadline.

The positive sentiment extended on Wednesday with MSCI's broadest index of Asia-Pacific shares outside Japan lifting 0.3%.

Japan's Nikkei .N225 jumped 1.7% while Australian shares added 0.9% and South Korea's KOSPI index .KS11 climbed 0.7%.

Source : Reuters

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