Asian stocks retreat and Brexit delay fails to strengthen the pound



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Major stock markets in Asia fell on Thursday as growth concerns remained unchanged, while confirmation of a late Brexit did not trigger a recovery in favor of the pound.

China's CSI 300 led declines, with a 0.8% decline in morning trading, reflecting a 0.6% decline in Hong Kong's Hang Seng Index. Both remain near the peaks of several months.

In Japan, the Topix declined by 0.4%, while Australia's S & P / ASX 200 declined 0.6%.

The pound sterling changed little in morning trading, averaging US $ 1.3095 while the Brussels news announced that the UK would benefit from a six-month extension of its departure from the EU. In the absence of an agreement at Wednesday's European summit, Britain was about to leave the bloc without an agreement on Friday.

Wall Street shares rose overnight as investors badyzed the minutes of the last Fed meeting, with the S & P 500 rising 0.4%. Technology and real estate stocks led the rise.

Instantaneous

To come up

  • Malaysia industrial production
  • Current account balance of Turkey
  • Inflation in Germany
  • Inflation in France

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Markets Briefing is an overview of global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Return of information? Write in the comments below or send us an email.

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