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