European shares sent reeling by Brexit shock; Italy, Spain underperform

viernes 24 de junio de 2016 07:13 GYT

(Reuters is replacing intra-day European and UK stock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets). Adds details, updates prices)

* STOXX Europe 600 down 7.3 pct

* Brexit vote hits banks most, UK banks down up to 20 pct

* Milan, Madrid set for biggest ever one-day drop

* 650 bln euros wiped off European market cap

By Danilo Masoni and Atul Prakash

MILAN/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 as much as 9 percent as shockwaves spread across global markets.

Sterling hit a 31-year low in its biggest-ever fall while 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 STOXX Europe 600 index fell 7.3 percent by 1036 GMT after dropping as much as 9 percent, while the FTSEurofirst 300 slid 7.1 percent.   Continuación...