Asia stocks struggle after yet another Brexit delay; Singapore share index down 0.3%

TOKYO - Asian shares and US stock futures dipped on Wednesday after British lawmakers rejected the government's timetable to fast-track legislation for its deal to take Britain out of the European Union.

S&P500 mini futures dropped 0.4 per cent while Japan's Nikkei dipped 0.3 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.17 per cent.On Tuesday on Wall Street, the S&P 500 lost 0.36 per cent. The defeat in parliament meant Britain would not be able to finalise its exit by Prime Minister Boris Johnson's Oct. 31 deadline.

"Broadly speaking, there are two scenarios. There will be a short extension before the parliament will agree on Johnson's plan. Or there could be a general election, which would need a longer extension," said Kyosuke Suzuki, director of forex at Societe Generale.Receding worries about a no-deal Brexit also underpinned the euro, which stood at US$1.1130, off Monday's two-month high of US$1.1180.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shopee to focus on growing market share in Southeast Asia to maintain leadHomegrown e-commerce firm Shopee will focus on growing market share in the Southeast Asia region where e-commerce is forecast to grow at an exponential rate
Source: YahooSG - 🏆 3. / 71 Read more »

Money FM Podcast: Challenges faced by Jetstar Asia in the increasingly crowded low cost carrier market. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »