European shares sent reeling by British exit vote
* FTSEurofirst 300 down 7.5 pct
* Brexit vote hits banks most
* Major UK banks down up to 20 pct
* 650 bln euros wiped off European market cap
By Atul Prakash
LONDON, June 24 (Reuters) - European shares, led by the region's banks, felt the full force of Britain's vote to leave the European Union on Friday, falling by 7 percent as shockwaves spread across global markets.
Sterling hit a 31-year low in its biggest-ever fall and Japan's Nikkei dropped 7.9 percent. In Europe, the slide in stocks wiped off about 650 billion euros ($726 billion) from the market value of Europe's listed shares.
The pan-European FTSEurofirst 300 was down 7.3 percent at 1,261.23 points by 0756 GMT after falling as low as 1,241.94, while the broader STOXX Europe 600 index was down 7.5 percent. Britain's blue-chip FTSE 100 fell 4.3 percent, with volumes hitting more than 100 percent of their 90-day daily average in just one hour of trading.
"The single-largest macro risk for Europe this year ... has crystallised," Goldman Sachs said in a note. "The decision lowers the growth outlook for the UK and Europe amid heightened policy uncertainty and threatens tighter financial conditions." Continuación...