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European Stocks Post Worst Drop Since 2008 as U.K. Votes Leave

  • Trading volume surges across markets, volatility jumps
  • All 19 industry groups decline, with banks slumping most
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Brexit Pushes Stoxx 600 to Largest Decline Since 2008

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A shock vote favoring Brexit put an end to recent investor optimism, sending European stocks to their biggest plunge since the global financial crisis.

The Stoxx Europe 600 Index sank 7 percent at the close of trading, joining a global market selloff as 52 percent of U.K. voters opted to leave the European Union and Prime Minister David Cameron resigned. The FTSE 100 Index fell 3.2 percent, trimming a slump of as much as 8.7 percent as exporters gained amid a plunge in the pound.