Asian stocks cheer Bremain leading, Nikkei 225 jumps +2%

The stocks on the Asian bourses extends Friday rebound and look solid at the beginning of  an action-packed week ahead, with the sentiment likely to be driven by EU referendum held on June 23rd.

The Asian equities jump higher as easing Brexit fears reinforced risk-on trades into the markets, while higher oil and copper prices led strong gains on the energy and resource stocks.

Over the weekend, as string of Brexit opinion polls showed the votes shifting in favour of the Remain camp after last week tragic death of British Member of Parliament Jo Cox. BMG phone poll has 'Remain' leading by over 7 points, YouGov: 43% Leave, 44% Stay, 9% Undecided, Opinium: 44% Leave, 44% Stay, Survation: 42% Leave, 45% Stay, 13% Undecided.

Nikkei leads the show

The Japanese benchmark index, the Nikkei 225 bounces +2.21% to 15,943, while USD/JPY rises +0.41% to 104.60 levels. The Australian markets also followed suit, with the ASX 200 index up +1.12% at 5,220.

While the Chinese equities bucked the trend and trade in the red, with the benchmark Shanghai Composite index dropping -0.47% below 2,900 levels, the CSI300 index loses -0.14%.. Hong Kong’s Hang Seng rallies +0.88% to 20,335.