Asian stocks have risen for a third day running, as investors bet that policymakers will take steps to prevent further market uncertainty following the UK’s decision to leave the EU.The broad-based MSCI Asia Pacific Index rose 0.5%, which brought its gains this week to more than 3%.In Tokyo, the benchmark Nikkei 225 closed 0.68% higher, while the Topix gained 0.69%.
South Korea’s Kospi rose 0.9% and Australia’s S&P/ASX 200 added 0.25%.
In China, the Shanghai Composite closed 0.1% higher.
Hong Kong and Thailand’s stock markets are closed for holidays.
Gold, considered a safe haven investment in times of uncertainty, headed for its fifth week of gains, with bullion for immediate delivery trading at $1,322 an ounce
Trending
- MAN UNITED BOSS AMORIM SAYS HE HAS NO PLANS TO QUIT
- CHAMPIONS LEAGUE TROPHY ARRIVES IN MUNICH AHEAD OF FINAL
- UNITEDHEALTH UNDER CRIMINAL PROBE FOR POSSIBLE MEDICARE FRAUD
- TRUMP HALTS U.S. FUNDING TO UN POPULATION CONTROL PROGRAM
- AUSTRALIA’S PM MEETS INDONESIA PRESIDENT
- NATO FOREIGN MINISTERS ARRIVE FOR MEETING IN ANTALYA
- TRUMP ARRIVES IN SAUDI ARABIA & KICKS OFF FOUR-DAY TOUR IN GULF REGION
- AUSTRALIA’S PARTY ELECT FIRST WOMAN LEADER