Nightmare Coming True for Stock Bulls Blindsided in Brexit Shock
- Global equities plunge as Britain votes to secede from EU
- Shades of Lehman as shares plunge from Tokyo to London
Brexit: When Should Article 50 be Triggered?
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Global investors better pray their hedges prove more reliable than the bookmakers did.
In a rout worsened by the mistimed bout of optimism that preceded it, equities plunged around the world Friday in waves of selling that grew as the prospect of U.K. secession became reality. In the U.S., futures on the S&P 500 Index tumbled 5 percent, triggering trading curbs, while equities from Tokyo to Paris and Rome sank more than 7 percent.