‘Stock markets from Tokyo to London collapsed on Friday as the UK’s major media networks projected a victory for the “Leave” campaign, with most votes counted in Britain’s referendum on European Union membership.
The British pound plunged 10 percent, the most since 1985, the euro fell the furthest since its introduction in 1999, while the Japanese yen had its biggest surge since 1998.
Asian stocks dropped by the most in five years. Japan’s Nikkei index closed over 8 percent in the red. China’s Shanghai composite was down almost 1 percent and Hong Kong’s Hang Seng was losing over 4 percent before the closing bell.’