Global stock market remains volatile amid Brexit fallout

브렉시트의 그늘....글로벌 증시 변동성 확대 The uncertainty over Britain's future in the wake of the U.K.'s surprise decision to leave the European Union last week has been sending shockwaves through global markets. But, on the second day of trading since then... most Asian markets closed higher... managing to hold up better than global peers amid a rout that wiped out as much as three trillion U.S. dollars of market cap. European markets also rallied in opening deals. Lee Minyoung has the numbers and more. Most Asian stock benchmarks saw a slight rebound at the close despite a low start on Tuesday amid concerns over Brexit and market fallouts. In Korea.....the stock market got a boost in part as investors began betting on the government's announcement of a stimulus package for the second half of the year that will include a supplementary budget of roughly 8-point-5 billion U.S. dollars to revitalize the economy. The benchmark Kospi and the tech-heavy Kosdaq both closed point-49 percent and 1-point-72 higher respectively, after opening around one percent lower on Tuesday morning. The Korean won also gained against the greenback,... trading at one-thousand-171 won...falling 11.0 won from Monday's close. Other shares in Asia also led a bounce in regional markets. Japan's benchmark Nikkei 225 ended point-1 percent higher at 15-thousand-323-point-one-four after falling to as low as 14-thousand-987-point-seven-nine earlier. The Shanghai Composite Index in mainland China also saw a recovery edging up point-five eight percent. Europe's main stock markets also saw a rebound. European shares rose for the first time in three days, attempting a recovery after Britain's vote to leave the European Union. London's FTSE index opened 1-point-6 percent higher, while French CAC was up over 2 percent and the German DAX rose 1-point-8 percent in the first few minutes of trade. However, analysts remain skeptical saying that the Brexit-induced chaos is still prevalent to be fully optimistic. "I think this is a short-lived bounce, and I fully expect selling to resume over the next couple of days if not today." Meanwhile the UK was hit hard as S&P Global Ratings lowered its credit rating for Britain to double-A from triple-A, saying "the outlook on the long-term rating is negative",... adding to investors' anxiety. Another concern is the plunging British pound,... currently floundering at a 31-year low against the dollar on Monday. Lee Minyoung, Arirang News. Visit ‘Arirang News’ Official Pages Facebook(NEWS): http://www.facebook.com/newsarirang Homepage: http://www.arirang.com Facebook: http://www.facebook.com/arirangtv Twitter: http://twitter.com/arirangworld Instagram: http://instagram.com/arirangworld