Overseas Trading: U.K. Stocks Surge as 'Brexit' Support Builds

Traders in Asia and Europe are awaiting a speech from Fed Chair Janet Yellen

Jun 6, 2016 at 8:38 AM
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Stocks in Asia finished mixed, as traders reacted to last Friday's lackluster jobs report out of the U.S. Specifically, as hopes of a June rate hike dimmed on the nonfarm payrolls numbers, the U.S. dollar sank against the yen, pressuring Japanese markets. As such, Japan's Nikkei dropped 0.4%, despite a big gain in shares of Softbank, which announced plans to sell most of its stake in GungHo Online Entertainment -- in what is becoming a bit of a trend for the tech mogul.

Elsewhere, China's Shanghai Composite slipped 0.2%, while Hong Kong's Hang Seng added 0.4% on the back of a rally in mining stocks. Meanwhile, South Korea's Kospi was shuttered for holiday.

European markets are going in different directions despite regional strength among miners, in the lead-up to a speech from Fed Chair Janet Yellen. London's FTSE 100 has jumped 1%, as the pound tumbles following polling data that shows mounting support for a "Brexit" from the European Union. The German DAX was last seen down nearly 0.1%, after manufacturing orders dropped by a steeper-than-expected 2% in April. Rounding things out, France's CAC 40 is more or less unchanged.

overseas trading june 6b

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