Asian stocks down, bonds rally as 'Brexit' vote looms

June 10, 2016 08:44

Reuters reports: 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.

MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.6 percent, but remains poised for a weekly gain of 1.7 percent.

Japan's Nikkei declined 0.5 percent, extending losses for the week to 0.3 percent.

China's CSI 300 index slipped 0.4 percent, and the Shanghai Composite retreated 0.3 percent, setting them up for falls of 0.8 percent and 0.4 percent respectively.

Hong Kong's Hang Seng index slipped 0.3 percent, heading for a loss of 1.4 percent for the week.

"There are concerns over 'Brexit' as polls seem to suggest the probability of Britain leaving Europe is rising. You can't buy risk assets under such conditions even if you want to," said Tatsushi Maeno, managing director at PineBridge Investments.

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