Companies exposed — The largest ASX listed exposures to Brexit come from UK companies with ASX CDIs such as CYB and HGG, followed by large Australian companies with global businesses. Of these, financial and consumer stocks appear more exposed to the UK than Europe, while for other industrials it’s more European than UK exposure. The main risks are from economic weakness in the aftermath of Brexit, and our analysts see these as greatest for CYB, HGG and WFD, while for most other stocks involved those risks are regarded as likely less severe.
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
