European stocks rise as EU supporters do well in election despite populist swell

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European stocks rise as EU supporters do well in election despite populist swell
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Stocks rose in Europe, after a mixed day in Asia, as pro-EU forces retained a majority in the 28-nation bloc's parliament despite the rise of nationalist parties in a region-wide vote.

A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul on Monday.

“The deeply divided right-wingers will remain far away from wielding any significant power at the European level. They will not be able to block significant decisions,” said Holger Schmieding, economist at Berenberg bank. Earlier, in Asia, Japan's Nikkei 225 index advanced 0.3% to 21,182.58 after visiting President Trump said he expects a deal with Tokyo on trade after a Japanese election in July.

Hong Kong's Hang Seng dropped 0.2% to 27,288.09, and the Kospi in South Korea edged 0.1% to 2,044.21. The S&P ASX 200 in Australia edged 4.1 points lower to 6,451.90. he Shanghai Composite index jumped 1.4% to 2,892.38 and India's Sensex added 0.8% to 39,752.63.

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