Tuesday 14 June 2016

Asian shares slip early Tuesday as Fed, Brexit loom

Asian stocks slipped on Tuesday amid growing worries this month's referendum in Britain could see it exit the European Union, while markets were also nervous ahead of the U.S. Federal Reserve's two-day meeting that begins later in the day.

The pound and euro have suffered in recent sessions as economists fear that the so-called Brexit would tip Europe back into recession. Voters appear divided ahead of the June 23 referendum, with the "Out" campaign widening its lead over the "In" camp, according to two opinion polls published by ICM on Monday.

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent in early trade, after Wall Street lost ground for the third straight session.

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