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Re: Renee post# 7

Thursday, 06/23/2016 11:54:22 PM

Thursday, June 23, 2016 11:54:22 PM

Post# of 1715

Asian equities slump as copper drops; sovereign bonds rally

Futures PLUNGE

Global markets buckled, with stocks plunging from Tokyo to London and Chicago, after results from Britain’s referendum on membership of the European Union put the "Leave" campaign ahead. The pound fell the most on record, while haven assets jumped.

Sterling tumbled as much as 9.5 percent, the euro slid by the most since it was introduced in 1999 and the yen surged to its strongest level since 2013. South Africa’s rand led losses among the currencies of commodity-exporting nations, sliding more than 5 percent as oil sank below $48 a barrel and industrial metals slumped.

Gold soared with U.S. Treasuries as investors piled into haven assets. Futures on the FTSE 100 Index plunged with S&P 500 Index contracts as benchmark stock gauges slid across Asia.

http://www.bloomberg.com/news/articles/2016-06-23/pound-surge-builds-as-polls-show-u-k-to-remain-in-eu-yen-slips