Home | Breaking News | Stocks in the Asia Pacific region see more gains
Stock markets may find it difficult to return immediately to the levels seen before last week's vote with buyers being wary about being too aggressive in what may yet be just another volatile swing

Stocks in the Asia Pacific region see more gains

WT24 Desk

Stock markets in Asia have started the day with more gains, continuing the positive lead set by the US and Europe, agencies report. Wall Street and bourses across Europe have been recovering some of the ground since the UK voted last week to leave the European Union.

In Japan, the benchmark Nikkei 225 was up by 0.7% to 15,436.07 points. Carmaker Toyota saw an almost 3% rise despite more recalls over faulty airbags. Across the rest Asia, stock markets continued to see gains after the tumultuous losses and the uncertainty in the wake of the UK referendum on EU membership.

Britain’s course out of the bloc remains unknown, leaving the future of the EU and its currency an unanswered question.

Investors, though, are hoping that central banks will step in with more stimulus should global markets return to the past days’ volatility. Hong Kong’s Hang Seng was up 0.4% to 20,243.67 while the mainland benchmark Shanghai Composite was 0.3% higher at 2,918.53.

In Australia, the ASX/200 was also higher, gaining 0.7% to 5,138.10 points. Commodity giants Rio Tinto and BHP Billiton were both up well over 1%. In South Korea, the Kospi was 0.7% up at 1,950.28.

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