Britain has voted and the counting of polls is underway. The British votes on the European Union membership: to stay within EU or not will have an effect on Asian stocks markets first once the results are announced later in the day. As I learnt from the TV news yesterdays, major financial and stocks markets are making preparation should the result be a “Brexit”. Today will be a day closely watched by all global investors as definitely, the scale of the effect of the Brexit is significant on the stocks markets.
I have not been looking at the Singapore stocks markets since the previous week because the British vote will set the pace for most or if not stocks markets; Singapore’s stocks markets including the Singapore’s stocks markets. The stocks markets have been trading in a lacklustre manner, consolidating where gains made only head south again the next trading day ......