Markets

German stocks plunge 9.94pc on Brexit vote

Published June 24, 2016 Updated June 24, 2016 08:42am

FRANKFURT: German stocks plunged nearly 10 percent at the start of trade on Friday as markets went into meltdown after Britain voted to leave the European Union.

The German blue-chip DAX 30 index opened 9.94 percent lower at 9,273.62 points and quickly sank to an intraday low of 9,226.15 on the outcome of the British EU referendum, with banking stocks Deutsche Bank and Commerzbank down around 17 percent.

Copyright AFP (Agence France-Presse), 2016