Asian stock markets plummeted after hard outcome British referendum – NU.nl

The Nikkei index in Tokyo tumbled 7.9 percent to 14952.02 points. A strong appreciation of the Japanese yen put companies exporting much much lower.

So were automakers like Toyota (minus 8.9 percent), Nissan (minus 8.1 percent) and Mazda (minus 11.7 percent) to the bigger losers. Also industrial conglomerate Hitachi went with a minus of 10.3 percent sharply down.

“I have never seen a market like this before. The markets have gone crazy, ” said a stockbroker in Singapore. ” Investors just want to sell their shares. You are selling and then asks questions only, ” said a security specialist in Sydney.

A big drop in oil prices also expressed in shares of energy companies. In Hong

Kong were among companies with significant exposure in Britain, such as Standard Chartered (minus 9.3 percent) and HSBC (minus 9.3 percent) at the biggest losers. Other banks in Asia clapped down.

The Hang Seng in Hong Kong lost 4.2 percent interim. The indicators in Sydney and Seoul both fell 3.1 percent

By:. ANP