Equity Market up, Asian market update 20 June 2016

Equity benchmarks traded higher. The Sensex rose 64.86 points to 26690.77 and the Nifty advanced 14.20 points to 8184.40.

Asian Update: Asia markets were mostly higher while the pound rose today, amid easing Brexit concerns after several weekend polls showed the remain camp regained momentum ahead of a referendum vote to decide the UK's future within the European Union (EU).

The benchmark Nikkei 225 was up 2.4 percent as a relatively weaker yen took some pressure off stocks and investors ignored news of a more than 11 percent drop in Japanese exports for the month of May. Across the Korean Strait, the Kospi gained 1.45 percent.

In Hong Kong, the Hang Seng index added 1.08 percent. Bucking the trend were the Chinese mainland markets, with the Shanghai composite down 0.17 percent and the Shenzhen composite flat.

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STOCK MARKET TIPS

Asia markets were mostly higher while the pound rose today, amid easing Brexit concerns after several weekend polls showed the remain camp regained momentum ahead of a referendum vote to decide the UK's future within the European Union (EU). The benchmark Nikkei 225 was up 2.4 percent as a relatively weaker yen took some pressure off stocks and investors ignored news of a more than 11 percent drop in Japanese exports for the month of May. Across the Korean Strait, the Kospi gained 1.45 percent. In Hong Kong, the Hang Seng index added 1.08 percent. Bucking the trend were the Chinese mainland markets, with the Shanghai composite down 0.17 percent and the Shenzhen composite flat.

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