African Assets Slump as Brexit Vote Triggers Commodity Decline

Updated on
  • Rand slumps to record versus yen, most since 2008 to dollar
  • Gold stocks gain as investors seek precious-metal haven

Currencies, stocks and bonds plunged across Africa after the U.K.’s vote to leave the European Union triggered a slump in oil and other commodities and sent investors scurrying for safe assets.

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