Asia Midday Update. A Crushing Win UK Conservatives
Labour’s Corbyn concedes, Liberal’s Swinson loses her seat, SNP massive gains North of the border.
Tories on track for a crushing win in today’s election with 200 of 650 seats left to declare.
GBP rallied two per cent overnight but is unchanged in Asia at 1.3470, next resistance, 1.3600.
FTSE futures fall as Pound rallies.
Strong rallies across the region after Trump agrees on interim trade-deal with China and follow Wall Street higher. Exact details are still to emerge though.
Nikkei + 2.43%, ShComp + 1.63%, CSI 300 + 1.39%, Kospi + 1.26%, STI +1.33%, Hang Seng + 2.04%
Majors mostly unchanged against the USD. Regional currencies are mostly stronger against the greenback on trade news.
USD/CNH rises 0.40% to 6.9600 on profit-taking after massive CNH rally in overnight trading.Read More
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