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Brexit: Five terrifying immediate reactions from markets

Zachary A. Goldfarb
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The United Kingdom voted Thursday to leave the European Union, a historic turn of events that underscored the fraying of the European political and economic union. It will take days, months and perhaps years to fully grapple with the consequences, but the earliest reactions from markets seemed to confirm experts' fears that Brexit would be deeply disruptive. While markets have previously been buffeted by global financial shocks – including Greece's crisis last year – this time they had been betting that the UK would remain within the EU. While it's certainly possible that markets will calm down overnight and into Friday, early signs from across the world were alarming. Here are five examples:

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    Original URL: https://www.afr.com/news/politics/world/brexit-five-terrifying-immediate-reactions-from-markets-20160624-gpr9gv