The blow to investor confidence and the uncertainty the vote sparked could keep the U.

Federal Reserve from raising interest rates as planned this year, and even spark a new round of emergency policy easing from major central banks. The move blindsided investors, who had expected Britain to vote to stay in the EU, and sparked sharp repricing across asset classes. Mainland European equity markets took the brunt of selling as investors feared the vote could destabilize the member bloc by prompting more referendums.

The traditional safe-harbor assets of top-rated government debt, the Japanese yen and gold all jumped. Spot gold rose nearly 4 percent and the yield on the benchmark year U. Treasury note fell to a low of 1. Stocks tumbled in Europe.

FCHI each fell 7 percent to 8 percent. IBEX markets posted their sharpest one-day drops ever, falling more than 12 percent, led by a dive in European bank stocks.

MI fell 24 percent while Spain's Banco Santander SAN.

Stock Market Data - Dow Jones, Nasdaq, S&P - CNNMoney

MC fell 20 percent. The index closed up 2 percent for the week for its best weekly gain in over two months.

L , Barclays BARC. L and RBS RBS. L plunging as much as 30 percent, although they cut those losses nearly in half later in the day.

Stocks on Wall Street traded down more than 3 percent, with the Dow Jones industrial average dropping as much as points, its worst daily drop in 10 months. The Dow Jones industrial average. Voting results showed a The British pound dived by 18 U. Sterling was last down 8. The fall was even larger than during the global financial crisis and the currency was moving two or three cents in the blink of an eye. The Bank of England, European Central Bank and the People's Bank of China all said they were ready to provide liquidity if needed to ensure global market stability.

The safe-haven yen jumped 3. The dollar's peak decline of 4 percent was the largest since Emerging market currencies across Asia and eastern Europe and South Africa's rand all buckled on fears that investors could pull out. Europe's safety play, the year German government bond, surged, with yields tumbling back into negative territory and a new record low. MSCI's broadest index of Asia-Pacific shares outside Japan.

MIAPJPUS slid almost 3.

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N had its worst fall since , down 7. Investors stampeded into low-risk sovereign bonds, with U. Earlier, the yield dipped to 1. Yields on benchmark year gilts fell 27 basis points to 1. Across the Atlantic, investors were pricing in less chance of another hike in U. The cost for Wall Street to fund dollar-based trades rose on Friday to the highest in nearly three months.

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Oil prices slumped around 5 percent amid fears of a broader economic slowdown that could reduce demand. Industrial metal copper CMCU3 sank 1. Additional reporting by Sadiq Iqbal Ahmed, Caroline Valetkevitch, Olivia Oran and David Henery in New York Editing by Nick Zieminski and Dan Grebler. NEW YORK Oil prices slipped on Wednesday despite a larger-than-expected decline in U. Reuters is the news and media division of Thomson Reuters.

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Pictures Home The Wider Image Photographers Focus World stocks tumble as Britain votes for EU exit. Investors come down after Fed euphoria','Euro crisis watch: Is the pain over?

Lingering Spanish doubts halt rally','Merkel calls for closer coordination','Economy Stock futures signal a continuing drop','Greek optimism despite recession','Europe Day Ahead: Business News Fri Jun 24, 4: A trader works on the floor of the New York Stock Exchange NYSE in New York, U.

Electronic boards display the days loss to the Dow Jones Industrial Average DJI above the floor of the New York Stock Exchange NYSE in New York, U.

Traders from BGC, a global brokerage company in London's Canary Wharf financial centre react as European stock markets open early June 24, after Britain voted to leave the European Union in the EU BREXIT referendum.

An employees of a foreign exchange trading company works as he is seen between British Union flag and an EU flag in Tokyo. By Herbert Lash and Edward Krudy NEW YORK. Also In Business News. The Thomson Reuters Trust Principles. Next In Business News. From Around the Web Promoted by Revcontent.

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