Asian stocks fell and the British pound tumbled more than 2 percent in early trade on Monday (June 27) as markets struggled to shake off deep uncertainty sparked by Britain’s decision to leave the European Union.
The worst of the turmoil seen on Friday (June 24), when global stock markets suffered their biggest decline in nearly five years, had eased, but sentiment remained weak and trading was volatile.
Japan’s Nikkei however, rose 1.8 percent, a partial rebound after Friday’s hefty 7.9 percent fall.
South Korean shares opened lower with the Korea Composite Stock Price Index (KOSPI) down 0.86 percent, to 1,908.73 at 0050GMT.
Hong Kong shares opened down on Monday, with the benchmark Hang Seng Index dropping 1.33 percent at 19988.02.
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