Asian Share Markets Cautious, Pound Stumbles on Brexit Drama
Monday, 21 October 2019 08:09 WIB |
MARKET UPDATE |Bursa AsiaSaham AsiaMSCI Asia Pacific
Asian stocks were steady in a cautious start to the week on Monday, while the British pound fell following a delay to a crucial vote on Britain's divorce from the European Union.
MSCI's broadest index of Asia-Pacific shares outside Japan were flat, with Australian shares off down 0.3%. Japan's Nikkei rose 0.13%.
The Brexit maelstrom, worries over slowing global growth and international trade frictions have kept investors on edge over recent months. Oil futures fell as lingering economic growth concerns and excess supplies of crude prompted speculators to trim their long positions.
The pound slipped from a five-month high against the dollar and the euro after the British parliament forced Prime Minister Boris Johnson to seek a delay to an Oct. 31 deadline for Britain's departure from the bloc.
Source : Reuters
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