Asian stock markets up on Thursday

The pound extended gains against the dollar after Prime Minister Theresa May survived a no-confidence vote as she prepares to draw up new proposals to leave the European Union that is palatable to a majority of MPs.

Jan 17, 2019 05:01 IST India Infoline News Service

asian market
Asian markets were trading higher after UK government led by Prime Minister Theresa May survived a vote of no-confidence. Hong Kong and Tokyo stocks eked out gains, while US and European futures slipped. Australia and South Korea's KOSPI up by 0.2% each, while Japan's Nikkei climbed 0.3%.

The pound extended gains against the dollar after Prime Minister Theresa May survived a no-confidence vote as she prepares to draw up new proposals to leave the European Union that is palatable to a majority of MPs.

US stock markets rose for a second straight session on Wednesday, reflecting positive reaction to upbeat earnings news from financial giants Bank of America and Goldman Sachs.

European markets ended on a mixed note as investors gave a muted reaction to the defeat of the UK government's Brexit bill.

Meanwhile, oil traded lower, though US crude remained close to $52 a barrel. Palladium hit record highs thanks to increasing demand and lower supply of the metal used in auto catalysts.

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