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Brexit: Asian shares fall sharply as UK votes to leave EU
Asian shares have fallen sharply as traders react to the UK voting to leave the European Union.bookmark
BBC
Published at : June 24, 2016
Updated at : June 24, 2016 18:51
Asian shares have fallen sharply as traders react to the UK voting to leave the European Union.
After initial gains, Japan's benchmark Nikkei 225 closed 7.9% down at 14,952.02 points, the biggest one-day fall since the 2011 tsunami.
The UK voted by 52% to 48% to leave the European Union after 43 years, in a historic referendum.
Analysts said investor sentiment is rattled by the looming uncertainty on markets around the globe.
The British pound at one point hit its lowest level since 1985.
The Japanese yen has surged to 102.4 to the US dollar as investors now see the currency as a safe haven. Tokyo has for years been trying to keep the yen low as any surge in the currency hurts the country's exporters.