Friday, June 24, 2016

Stocks Down After U.K. Vote

The U.K. vote to leave the European Union has led to declines in stocks worldwide, but China has held up better than most, revisiting but not falling through its lows for the month. Some forecasters expect a recession in the U.K. and some adjustments in the euro zone and in international banking, but that would imply little direct impact on China.

The greatest market turbulence today has been in currency markets, which have seen the widest ranges in a decade.

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