The pound held weaker in early Asia on Friday as exit polls suggested a hung parliament in the U.K. after Thursday's election, though regional indexes pointed to a higher open.
Exit polls showed U.K. Prime Minister Theresa May's Conservative Party might have lost its parliamentary majority, winning just 314 seats of the 326 seats required for a majority. The poll also showed that the Labour Party would secure 266 seats.
The British pound tumbled following the news. Cable traded as low as $1.2704, down from levels around $1.295 earlier.
In Asia, Japanese stocks appeared poised to rise on Friday. Nikkei futures in Chicago traded higher by 0.61 percent at 20,030 and futures in Osaka gained 0.51 percent to trade at 20,010. Both were higher than the Nikkei 225's last close of 19,909.26.
Australian SPI futures added 0.06 percent to trade at 5,680 compared to the S&P/ASX 200's last close of 5,676.597.
The Dow Jones industrial average finished 0.04 percent or 8.84 points higher at 21,182.53, the S&P 500 added 0.03 percent or 0.65 points to close at 2,433.79 and the Nasdaq rose 0.39 percent or 24.38 points to end at 6,321.76.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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