World markets took a plunge on Friday after a dramatic night ended in Britain voting to leave the European Union.
Initial polls had the ‘remain’ camp winning by a knife-edge. But the final count saw a narrow victory for ‘leave’ as the nation split 52-47 in favor of becoming the first ever EU member state to request an exit.
The historic result sent the British pound plummeting to a 31-year low, one of its biggest one-day falls in all time, dropping from about $1.50 to below $1.35.
US markets were expected to open down 550 points on Friday morning. Trading in Tokyo was halted after stocks plunged nearly 7 per cent, while South Korea’s Kospi tumbled about 4 per cent. Crude oil prices also took a hit.
Follow Us on Facebook – @LadunLiadi; Instagram – @LadunLiadi; Twitter – @LadunLiadi; Youtube – @LadunLiadiTV for updates
