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London: Stock market plunges 8.0%

Friday, June 24, 2016 - 15:30

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[LONDON] London stocks plunged around eight per cent in opening deals Friday, with share prices of banks and housebuilders collapsing by about a third after Britain voted to leave the EU.

The British capital's FTSE 100 index shed 7.7 per cent to 5,851.01 points shortly after the start of trading, with housebuilder Taylor Wimpey losing 32 per cent, and Barclays and Royal Bank of Scotland each shedding roughly 28 per cent.


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