European Periphery Stocks Tumble Most in World After Brexit Vote
- Spanish elections on Sunday also seen adding to uncertainty
- Greece’s Eurobank Ergasias, Alpha Bank slide most on Stoxx 600
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Stocks in Greece, Italy and Spain tumbled the most in the world after the U.K. voted to leave the European Union as investors fled what are perceived to be the region’s riskier markets.
Stocks in so-called peripheral nations led declines as European equities posted their worst day since 2008. The ASE Index plunged 13 percent, the most out of 94 indexes tracked by Bloomberg. Spain’s IBEX 35 Index and Italy’s FTSE MIB Index closed with losses of more than 12 percent. Portugal’s PSI Index dropped 7 percent.