Asia investors remain cautious ahead of UK referendum

June 14, 2016 1:48 am Published by

Asia investors remain cautious ahead of UK referendum

  • 14 June 2016
  • From the section Business

worried asian investorImage copyright
Reuters

Investors across Asia remained cautious again on Tuesday ahead of several key events in the coming two weeks, including the UK’s EU referendum.

After closing down 3.5% on Monday, Japan’s Nikkei 225 opened in positive territory, though only just.

The benchmark was up 0.12% to 16,039.12 points after the opening bell.

In Australia, Sydney’s benchmark S&P/ASX 200 index was lower by 1.6% at 5,228.4 in morning trade, following a holiday on Monday.

In addition to worries over the UK’s upcoming referendum, investors are also eying the US Federal Reserve and the Bank of Japan, both of which are set to hold meetings later this week.

Most analysts have said it is unlikely either central bank will announce rate cuts, however.

Investors will also be watching stocks in China carefully when they open later after Hong Kong’s Hang Seng and the Shanghai Composite ended lower on Monday by 2.5% and 3.2% respectively.

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