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US Stocks Plunge After Brexit Vote

by db
06.24.16 | 9:37 am
A concerned Chinese investor looks at prices of shares (green for price falling) at a stock brokerage house in Huaibei city, east China's Anhui province, 24 August 2015. Chinese stocks plunged more than 8 percent on... A concerned Chinese investor looks at prices of shares (green for price falling) at a stock brokerage house in Huaibei city, east China's Anhui province, 24 August 2015. Chinese stocks plunged more than 8 percent on Monday (24 August 2015) in panic selling, with flagship indexes smashing key support levels and posting their biggest one-day percentage losses since the height of the global financial crisis in 2007. The latest tumble, which wiped out what was left of market gains this year, was rooted in investor disappointment that Beijing did not announce expected policy support over the weekend after China's main market indexes shed 11 percent last week. The blue-chip CSI300 index tumbled 8.8 percent, to 3,275.53, while the Shanghai Composite Index lost 8.5 percent, to 3,209.91 points, putting it back where it began 2015. MORE LESS

NEW YORK (AP) — US stocks plunge in early trading after Britain votes to leave the EU; bonds, gold prices rise.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

db
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Notable Replies

  1. I still can’t believe a global power essentially voted itself into mediocrity, completely voluntarily.

  2. As someone said this morning: this is what you get for governing by referendum.

  3. Avatar for zd123 zd123 says:

    wow–what a worthless article. As of this posting, it is one sentence long and provides no details about how much the stocks are down or any insight discussing why they are down. Really, I expect better.

  4. 2% is a plunge? Seems hyperbolic.

  5. Gold however is up 4.25% and rising.

Continue the discussion at forums.talkingpointsmemo.com

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