Asian stocks leap as fears ease over British vote on EU + MORE Jun 20th

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HONG KONG – Most Asian stock markets jumped Monday as polls suggest British voters will choose to remain in the European Union in a referendum this week, easing investor worries about a possible “Brexit.”
KEEPING SCORE: Japan’s benchmark Nikkei 225 index surged 2.3 per cent to 15,953.51 and South Korea’s Kospi climbed 1.2 per cent to 1,976.85. Hong Kong’s Hang Seng added 0.7 per cent to 29,305.61 but the Shanghai Composite Index lost 0.6 per cent to 2,867.14. Australia’s S&P/ASX 200 rose 1 per cent 5,216.50. Benchmarks in Taiwan, New Zealand and Southeast Asia also rose.
BREXIT: Global investors are focused on Britain’s Thursday referendum on EU membership, with results expected a day later. Market anxiety over the uncertain consequences of a British exit, or a “Brexit,” had been rising as support for the “Leave” side strengthened. However, three polls over the weekend showed that the “Remain” side had recovered some of the ground that had been lost, giving investors more confidence to move into riskier assets…

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TOKYO – The U.S. robotics expert tapped to head Toyota’s Silicon Valley research company says the $1 billion investment by the giant Japanese automaker will start showing results within five years.
Gill Pratt told reporters that the Toyota Research Institute is also looking ahead into the distant future when there will be cars that anyone, including children and the elderly, can ride in on their own, as well as robots that help out in homes.
Pratt, a former program manager at the U.S. military’s Defence Advanced Research Projects Agency, joined Toyota Motor Corp. first as a technical adviser when it set up its artificial intelligence research effort at Stanford University and MIT.
He said safety features will be the first types of AI applications to appear in Toyota vehicles. Such features are already offered on some models now being sold, such as sensors that help cars brake or warn drivers before a possible crash, and cars that drive themselves automatically into parking spaces or on certain roads…

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