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'Bremain' momentum lifts stocks
Share prices on an electronic board in Tokyo on Monday. Japan's Nikkei led gains in Asia, climbing 2.3 per cent.
Polls show Britons will choose to remain in EU, easing investor fears.

World stock markets jumped and the pound rallied on Monday as polls suggested British voters will choose to remain in the European Union in a referendum this week, easing investor worries about a possible Brexit.
European stocks led the charge, with Britain's FTSE 100 leaping 2.9 per cent to 6,194 points and France's CAC 40 up 3.3 per cent to 4,330 points. Germany's DAX rocketed 3.4 per cent higher to 9,954 points. US stocks were poised to open sharply higher, with Dow and S&P 500 futures up 1.2 per cent and 1.3 per cent, respectively.
Global investors are focusing this week on Britain's referendum tomorrow on EU membership, with results expected a day later. Market anxiety over the uncertain consequences of a British exit, including the impact on global financial markets, had been rising as support for the "Leave" side strengthened.
However, three polls over the weekend showed that the "Remain" side had recovered some lost ground, giving investors more confidence to move into riskier assets.
"The entire market is now focused on the UK's EU referendum result," said Margaret Yang, an analyst at CMC Markets in Singapore.
"Judging by the market reaction over the last two days, more volatility is likely this week. It is expected that a vote to remain would lead to a quick unwinding of risk premium and a substantial risk-on rally, whereas a Brexit vote would have the opposite effect."
Japan's benchmark Nikkei 225 index surged 2.3 per cent to close at 15,965.30 points and South Korea's Kospi climbed 1.4 per cent to 1,981.12 points. Hong Kong's Hang Seng added 1.7 per cent to 20,510.20 points while the Shanghai Composite Index crept up 0.1 per cent to 2,888.81 points. Australia's S&P/ASX 200 rose 1.8 per cent to 5,256.90 points.
Benchmarks in Taiwan, New Zealand and Southeast Asia also gained. Benchmark US crude oil futures rose 83¢, or 1.7 per cent, to $48.81 a barrel in electronic trading on the New York Mercantile Exchange. The contract had climbed $1.77 on Friday. Brent crude, used to price international oils, gained 84¢ to $50.59 barrel in London.

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