Pound rises as Scottish results favor union

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HONG KONG (AP) — The British pound jumped as investors bet that Scottish voters would reject independence based on results that cover more than half of Scotland. Japanese stocks rallied as the yen extended losses against the dollar while other Asian benchmarks were subdued for lack of major economic data.

KEEPING SCORE: Tokyo’s Nikkei 225 jumped 1.8 percent to 16,361.77, the highest level since December, as the yen’s weakness made exports cheaper for overseas buyers and local stocks more affordable for foreign investors. South Korea’s Kospi rose 0.5 percent to 2,057.77 and Hong Kong’s Hang Seng gained 0.4 percent to 24,254.31. The Shanghai Composite Index in mainland China slipped 0.1 percent to 2,313.56 and Sydney’s S&P/ASX 200 edged up 0.3 percent to 5,431.30.

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