© Reuters. Asian shares weaker on Brexit concerns
Investing.com – Asian shares turned weaker on Tuesday as caution ruled ahead of tomorrow’s Fed decision on rate of interest and growing issue over a more powerful yen stimulated by possibilities of the U.K. leaving from the European Union.
The 224 dropped 1.25%. The was down a small 0.02% heading into the lunch break, while the fell 1.99% after returning from a vacation break.
Financiers continued to closely monitor Brexit surveys in the U.K. after a YouGov poll showed that the “Leave,” project surpassed the “Stay” project in the most recent survey, reversing a slim lead from a poll recently.
It followed another study taken by research company ORB found that 55% of British voters support leaving the European Union, while 45% are in favor of staying in the European bloc.
The yuan was barely changed against the dollar Tuesday morning despite the fact that individuals’s Bank of China a little enhanced the repairing at 6.5791 compared to Monday’s midpoint of 6.5805.
Overnight, U.S. stocks fell somewhat on Monday, extending losses from late recently, as domestic crude futures remained under $50 a barrel and Microsoft (NASDAQ: NASDAQ:-RRB- weighed on the following its $26 billion acquisition of LinkedIn (NYSE: NYSE:-RRB-.
The Dow fell 132.86 or 0.74% to 17,732.48, suffering its 3rd consecutive losing session since closing above 18,000 last Wednesday. The lost 46.11 or 0.94% to 4,848.44, while the Composite index dipped 17.01 or 0.81% to 2,079.06, both suffering their fourth straight decline.
On the S&P 500 all 10 sectors closed in the red. Stocks in the Basic Products, Innovation and Durable goods markets lagged, each falling by more than 1% on the session. In spite of the current losses, stocks on Wall Street still continue to be near 2016-yearly highs, up more than 10% from February-lows.
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