​​​
  1. Australia, New Zealand shares face nervous session amid Brexit fallout

Australia, New Zealand shares face nervous session amid Brexit fallout

Australian shares look set for another tense session on Monday as shockwaves from the UK's Brexit vote continued to be felt across world markets.

By: | Sydney | Published: June 27, 2016 9:18 PM

Australian shares look set for another tense session on Monday as shockwaves from the UK’s Brexit vote continued to be felt across world markets.

Local share price index futures did edge up 0.1 percent in early trade, but that followed a steep 3 percent drop in the cash index on Friday after Britain wrong footed many investors by voting to leave the European Union.

The underlying S&P/ASX 200 index ended Friday at 5,113.2, having lost around A$50 billion in value. The tremors were still be felt on Monday with EMINI futures for the S&P 500 already down 0.5 percent and sterling under fresh pressure.

New Zealand’s benchmark S&P/NZX 50 index was down 1.1 percent or 78.2 points in early trade at 6,589.5.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top