Daily Markets Briefing: STI up 0.43%

Find out who the biggest losers were.

According to KGI Fraser, Asian markets rallied as the Brexit referendum looms closer. This came a day after the murder of a British MP, who was a strong advocate of the ‘stay’ vote.

This event likely caused investors to reassess the possible effect it will have on voting intentions come 23 June. Japan’s Nikkei 225 gained 1.1% as the yen halted its rally, China’s CSI 300 rose 0.5% and Hong Kong’s HSI increased by 0.7%, KGI Fraser said.

Here’s more from KGI Fraser:

The STI in Singapore was lifted by 11.86 points or 0.4% too, and closed at 2,763.42, after taking a week of beating.

HongKong Land (+1.7%), AREIT (+2.6%) and Hutchinson Port Holdings Trust (+3.4%) were the key movers in the index.

Golden Agri (-1.4%), UOB (-0.2%) and DBS (-0.1%) were the key index shakers. Surprisingly, OCBC gained 0.1% despite seeing the other two banks moving in the opposite direction.