Major stock indices in Europe show big losses

Today's European stock trading started with a strong fall after Britons voted for the UK's withdrawal from the European Union.

European stocks show today the most significant drop since October 1987, in response to the results of the referendum.

In this trading conditions many shares have been suspended in the first minutes after the opening due to sharp fluctuations.

The composite index Stoxx Europe 600 of the largest companies in the region fell by 6.8% - to 323 points.

As reported, during the referendum 51.9% of Britons voted for the UK out of the EU (Brexit), which caused increased volatility in global financial markets. On Friday, British Prime Minister David Cameron has announced his forthcoming resignation in connection with the referendum results.

The UK banks lost in over a minute about a third of the capitalization, but then the rate of decline slowed down: the price of securities of Royal Bank of Scotland fell by 16,1%, Barclays - at 14,3%, HSBC Holdings - by 3.6% .

The capitalization of the Spanish Banco Santander fell by 18.4%, German Commerzbank and Deutsche Bank - more than 10.7%.

In addition, the price of the British developer Taylor Wimpey dropped by 23.1% due to the fear of reduction in demand for UK property.

In this case the share of gold mining company Randgold Resources Ltd. soared 15.1% after the increase in the price of gold, which enjoys demand among investors as a safe asset.

At the moment

FTSE 6033.39 -304.71 -4.81%

DAX 9602.90 -654.13 -6.38%

CAC 4122.31 -343.59 -7.69%