Asia stocks bounce as risk appetite returns after Italy vote

Record ID: 76030

  • Title: Asia stocks bounce as risk appetite returns after Italy vote
  • Date: 6th December 2016
  • Summary: TOKYO, JAPAN (DECEMBER 6, 2016) (REUTERS) ***WARNING CONTAINS FLASH PHOTOGRAPHY*** EXTERIOR OF TOKYO STOCK EXCHANGE (TSE) BUILDING SIGN READING (English): "JPX TOKYO STOCK EXCHANGE" ELECTRONIC STOCK BOARD ELECTRONIC STOCK BOARD SHOWING NIKKEI AVERAGE AT 18451.98 DOWN 5.22 POINTS TSE STAFF WORKING TSE MARKET CENTER AND REVOLVING STOCK PRICE TICKER REVOLVING STOCK PRICE TICKER TSE MARKET CENTER ELECTRONIC STOCK BOARD JPX GRAPHIC HONG KONG, CHINA (DECEMBER 6, 2016) (REUTERS) EXTERIOR OF HONG KONG EXCHANGE SQUARE FLAGS HONG KONG STOCK EXCHANGE AT OPENING BELL BOARD SHOW HANG SENG INDEX AT 22,684.87, UP 0.79 PER CENT AT 179.32 POINT VARIOUS OF ELECTRONIC SCREEN SHOW STOCK CODES AND NAMES TRADERS HONG KONG STOCK EXCHANGE MORE OF TRADER EXTERIOR OF HONG KONG STOCK EXCHANGE SEOUL, SOUTH KOREA (DECEMBER 6, 2016) (REUTERS) TRAFFIC ON SEOUL STREETS CARS MOVING INTERIOR OF DEALING ROOM AT KEB HANA BANK ELECTRONIC BOARD SHOWING KOREA COMPOSITE STOCK PRICE INDEX (KOSPI) DEALERS WORKING ELECTRONIC BOARDS SHOWING KOSPI AND USD/KRW EXCHANGE RATE DEALER LOOKING AT COMPUTER SCREEN INTERIOR OF DEALING ROOM
  • Embargoed: 21st December 2016 02:37
  • Keywords: tokyo hong kong seoul stocks Italy referendum vote asia
  • Location: TOKYO, JAPAN/HONG KONG, CHINA/SEOUL, SOUTH KOREA
  • City: TOKYO, JAPAN/HONG KONG, CHINA/SEOUL, SOUTH KOREA
  • Country: Various
  • Reuters ID: LVA0015BQW3LX
  • Aspect Ratio: 16:9
  • Story Text:Asian stocks posted their biggest rise in two weeks on Tuesday (December 6) as investors judged the selloff after Italy's referendum was overdone, with robust U.S. economic data also helping sentiment.
    Japan's benchmark Nikkei average opened up 1.00 percent at 18,457.20 on Tuesday, while the broader Topix gained 0.98 percent to 1,481.35.
    Hong Kong Hang Seng index opened up 0.8 percent, standing at 22694.27 points.
    South Korea climbed 1 percent in opening trades, with the Korea Composite Stock Price Index (KOSPI) rising 19.81 points to 1,983.17.
    The referendum outcome was anticipated but the crushing margin of Renzi's defeat - 59 percent to 41 percent - caused the initial alarm.
    It also deals a blow to the European Union, which is already reeling from multiple crises and rising anti-establishment sentiment of the kind that led to Britain's shock vote to quit the bloc in June.
    Markets had earlier taken some encouragement from the sound defeat in Austria's presidential election of a far-right candidate by a pro-European, which confounding forecasts of a tight race.
    The European Central Bank meets on Thursday (December 8) amid much speculation it will announce a six-month extension of its asset buying programme and widen the type of bonds it can purchase.
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