Overseas Trading: Global Stocks Surge as 'Brexit' Fears Subside

A fresh batch of polls released over the weekend show rising support for the U.K. to remain in the EU

Jun 20, 2016 at 8:50 AM
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Asian stocks rallied today, as a fresh batch of "Brexit" polls showed increasing support for the "remain" camp ahead of this Thursday's referendum in the U.K. -- and in the wake of a tragic turn of events. Stocks also reacted to rising oil prices, which appear to be on the mend following last week's dismal showing. Japan's Nikkei led its regional peers higher, jumping 2.3% as a cooling yen overshadowed an eighth straight monthly decline in exports in May.

Elsewhere in the region, Hong Kong's Hang Seng tacked on 1.7%, and South Korea's Kospi rose 1.4%. China's Shanghai Composite brought up the rear, adding 0.1% by the close.

Stocks in Europe are surging at midday, as rising support for the U.K. to stay in the European Union (EU) boosts the British pound to its biggest percentage gain since 2008. At last check, the French CAC 40 is up 3.7%, the German DAX is 3.6% higher, and London's FTSE 100 is flirting with a 3.3% lead.

Overseas Trading June 20

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