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The Independent UK
The Independent UK
Business
Andrew Buncombe

Brexit: Dow plunges by more than 500 points in early trading following EU referendum result

The American markets reacted sharply to Britain’s decision to leave the EU with the Dow plunging more than 530 points in the first few minutes of trading.

“This is going to go on for several weeks,” Mohamed E-Erian, a senior adviser to Allianaz told CNN. “You are going to have major economic uncertainty.”

Reports said that investors were flocking to gold and Government Bonds, in a a sign of concern about the likely impact of the decision.  

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