U.K. Homebuilders Tumble Most on Record After Brexit Vote: Chart

U.K. homebuilders slumped on concern demand for buying will slow after Britons voted to leave the European Union. A gauge of FTSE 350 Index housing stocks plunged as much as 16 percent, the worst drop ever, breaching its short-term and long-term moving averages. It was 9.3 percent lower as of 4:07 p.m. in London, with firms including Taylor Wimpey Plc and Persimmon Plc plummeting more than 26 percent.