Stocks Slip, Bonds Rally as Brexit Vote Looms

by Hideyuki Sano and Nichola Saminather

TOKYO/SINGAPORE, June 10 Asian shares pulled back on Friday as investors sought refuge in safe-haven assets amid festering concerns over the June 23 referendum that could see Britain exit the European Union.

European markets also look set to follow suit, with financial spreadbetters expecting Britain’s FTSE 100 and France’s CAC 40 to open about 0.2 percent lower, and Germany’s DAX to start the day down 0.1 percent.

MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.8 percent, but remains poised for a weekly gain of 1.4 percent.

Japan’s Nikkei closed 0.4 percent lower, extending losses for the week to 0.25 percent.

Continue Reading at…