Published on Jun 24, 2016
Global shares and financial markets sharply fall after Britain’s decision to leave the European Union. UK banks Barclays, Royal Bank of Scotland and Lloyds lost around 20 percent of their values. The pound fell as much as ten percent against the dollar to touch levels last seen in 1985. Other European shares fell as much as nine percent after the UK vote sent shockwaves across global markets. In Asia, Tokyo’s benchmark stock index fell almost eight percent, the biggest one-day fall in almost five years. Oil also dropped in Asian markets. The sharp slump came on fears that Britain’s decision could hit investment in the world’s fifth-largest economy, threaten London’s role as a global financial capital and usher in months of political uncertainty.