Asia stocks climb on stimulus hopes

HONG KONG: Asia led a bounce in world markets on Tuesday while the pound rose as traders began betting on a fresh round of stimulus to mitigate the effects of Britain’s shock decision to leave the EU.

Regional markets mostly closed higher after beginning the day deep in the red, as uncertainty over the vote—which many fear could precipitate the end of the United Kingdom and even the European Union—revived selling after Monday’s surprise rise in Asia.