The stock markets have plunged following Britain`s decision to leave the European Union

The stock markets have plunged following Britain`s decision to leave the European Union

By: James Ansher | Where To Trade | On:24-06-2016 16:57
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The stock market crashed within 10 minutes of its opening this morning with £124 billion wiped off the value of UK companies after Britain voted to leave the European Union. The market opened at 6,338.10, with its lowest point so far 5,788.74. 

At 11:23 IST, the barometer index, the S&P BSE Sensex, was down 950.40 points or 3.52% at 26,051.82. The Nifty50 index was down 299.80 points or 3.62% at 7,970.65. 

In overseas stocks market, circuit filter caused trading halt after a steep slide in the Nikkei 225 Average in Japan. Trading in US index futures indicated that the Dow Jones Industrial Average could slump 684 points at the opening bell today, 24 June 2016.

Stocks of companies involved in oil exploration and production activities fell as global crude oil prices dropped after reports signaled that the UK was on track to exit the European Union in a landmark vote that investors fear could destabilize the trade bloc

If it closes the day down that much, it could be the biggest one day drop in the index’s history. Banks bore the brunt of the fall, with Barclays down 27%, Royal Bank of Scotland down 28% and Lloyds taking a 24% dive.

 

James Ansher

James Ansher

When there is a will there is a trade

A successful Forex trader and expert advisor

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