Asian equity markets ended deep in red on Friday, as recent optimism that the UK will remain a part of the European Union proved futile. Risk assets were scorched and safe-haven assets such as treasuries, yen and gold came back into the limelight as Britain's historic European Union referendum suggested a stronger than expected performance by the 'Leave' campaign. British Prime Minister David Cameron, who frantically campaigned for a 'stay' in the union, resigned saying the will of the people must be respected. Japanese shares fell as the EU referendum results sent the yen soaring above 100 to its highest level in 21/2 years. Meanwhile, Chinese shares showed limited reaction to the carnage in stock markets across Asia due to tighter control on capital outflows.
Asian Indices | Last Trade | Change in Points | Change in % |
Shanghai Composite | 2,854.29 | -37.67 | -1.30 |
Hang Seng | 20,259.13 | -609.21 | -2.92 |
Jakarta Composite | 4,834.57 | -39.74 | -0.82 |
KLSE Composite | 1,634.05 | -5.93 | -0.36 |
Nikkei 225 | 14,952.02 | -1,286.33 | -7.92 |
Straits Times | 2,735.39 | -58.46 | -2.09 |
KOSPI Composite | 1,925.24 | -61.47 | -3.09 |
Taiwan Weighted | 8,476.99 | -199.69 | -2.30 |