Asia Midday Update. A Crushing Win UK Conservatives

Dec 13 04:12 2019 Print This Article

UK Election

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.

Asia Stocks

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%

Currencies

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.

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