Asia Markets In Red: Sensex Plunges 900 Pts On #Brexit referendum Vote

#Mumbai : Markets across Asia were highly volatile on anxiety over the Brexit referendum as the UK voted to leave the EU.

The BSE Sensex was down nearly 983 points or 3.34 per cent at 26,019.55 as of 10:18 a.m Friday after dropping to 25,997.25, down 1004.97 points or 3.72 per cent earlier. It had opened in red and was trading at 839 points, down 3.11 per cent at 26,162.53 in early morning trade.

National Stock Exchange’s NIFTY 50 was also trading at 7,967.85, down 302.60 points or 3.66 per cent as of 10:23 am. NIFTY was earlier trading at 8,028.55, down 241.90 points or 2.92 per cent as of 9:20 am. Some market observers are calling it “Black Friday.”

Currencies worldwide also saw high volatility, and rupee crashed by 96 paise to breach the 68-level against the US dollar. The British pound crashed to below $1.35, its lowest level since 1985.

In Tokyo, the Nikkei Stock Average plunged nearly 3 per cent on expectation that voters were choosing to leave the EU.

Australia’s benchmark stock index sank more than 3 percent on Friday, despite a rise at the start of the day’s trade, as early results on Brexit started coming in.

Sydney’s benchmark S&P/ASX 200 was down 156.8 points, or 3.1 percent, to 5,123.9 at about 0245 GMT, joining the sea of red across Asian markets.

With agency inputs