SGX Stocks Update : Brexit or Bremain, BlackRock expects ‘far-reaching market implications’

Brexit or Bremain, BlackRock expects 'far-reaching market implications'

SINGAPORE (June 8): Stay, or go? That is the question on the lips of billions around the world on the topic of Brexit – especially with the UK’s June 23 European Union (EU) referendum looming in the weeks ahead, which will determine whether Britain will leave the EU or not.

“The vote outcome is highly uncertain, with global risk assets vulnerable under a British-exit (Brexit) scenario,” says Blackrock’s global chief investment strategist Richard Turnill in a weekly commentary, who views the upcoming referendum as a “major risk for global markets”.

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