Markets

London stocks close down 3.2pc, Paris 8.0pc, Frankfurt, 6.8pc

Published June 24, 2016 Updated June 24, 2016 07:16pm

1 min

By Fawad Maqsood

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LONDON: Shock news that Britain had voted to leave the European Union hit European stock markets hard on Friday, with London's FTSE 100 index recovering from early losses to close down 3.2 percent.

The Frankfurt stock exchange suffered a 6.2 percent blow, while Paris slumped 8.0 percent, with Milan losing 12.5 percent and Madrid 12.4 percent.

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