Asian stocks and pound cheer Brexit, Alibaba slumps on monopoly probe

Topics Asian markets | Markets | Alibaba

By Stanley White and John McCrank TOKYO/NEW YORK (Reuters) - Asian shares and the British pound rose on Thursday ahead of the Christmas break, as Britain and the European Union closed in on a free-trade deal and investors placed bets on global economic recovery prospects. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.14%. Australian stocks advanced by 0.

57%, while Tokyo shares rose 0.43%. Chinese stocks rose 0.02%, but Alibaba Group Holding Ltd slumped 6.28%, its biggest daily drop in six weeks, after China's.....

This article is no longer available in our repository.

There could be multiple reasons for this.