THE United Kingdom voted Thursday to leave the European Union, a historic turn of events that underscored the fraying of the European political and economic union.
It will take days, months and perhaps years to fully grapple with the consequences, but the earliest reactions from markets seemed to confirm experts' fears that Brexit would be deeply disruptive.
While markets have previously been buffeted by global financial shocks -- including Greece's crisis last year -- this time they had been betting that the U.K. would remain within the EU.
While it's certainly possible that markets will calm down over night and into Friday, early signs from across the world were alarming.
Here are five examples:
- - -
1. The Bloomberg terminal screen perhaps offered the world's first reaction to the news, and it was flashing red all over with alarming headlines early Friday morning.
The screen noted heavy losses across Asia stock markets, while also noting that foreign currencies were strengthening against the pound.
Yields on U.S. Treasuries were falling, a sign of a flight to safety among investors.
- - -
2. The Standard & Poor's 500 index, which has held up in the face of worries about Brexit in recent weeks, took a beating Friday morning after it became clear Britain would leave the EU.
At half past midnight, futures indicated the S&P was down 5 percent.
- - -
3. An alert from CNBC offered a summary of different signs of global concern. Dow Jones Industrial Average futures were down 600 points, while gold had climbed $100 an ounce. Gold is often an asset investors buy in times of panic.
- - -
4. As noted, investors often throw money into gold when other assets become more risky. Google search data indicated a massive spike in searches for how to buy gold Thursday night.
- - -
5. The British pound fell more than 10 percent in the wake of Brexit, a shocking decline for a rich country's currency in a single day.
The Washington Post
Fri Jun 24 2016
While it's certainly possible that markets will calm down over night and into Friday, early signs from across the world were alarming. -Filepix
China-Perancis kecam serangan Israel di Rafah, gesa gencatan senjata
Gencatan senjata serta-merta dan bantuan kemanusiaan yang besar-besaran ke Gaza adalah keperluan mendesak yang perlu dilaksanakan, kata China dan Perancis.
Di sebalik lirik 'Kalau pergi Kuala Kubu, tulis nama atas batu'
Batu buatan itu sebagai simbolik Kuala Kubu Baharu sebagai lokasi tumpuan perkelahan dan mandi-manda.
Ringgit dibuka rendah berbanding dolar AS
Ringgit dibuka rendah berbanding dolar AS pada Rabu berikutan mata wang negara itu mengukuh berbanding mata wang utama lain.
AWANI Ringkas: Cermin kereta dipecah dengan tukul besi
Ikuti rangkuman berita utama yang menjadi tumpuan sepanjang hari di Astro AWANI menerusi AWANI Ringkas.
PATUH jadi pemudah cara, bantu perjalanan operasi TH
PATUH membantu mengendalikan jemaah haji Malaysia selain bertindak menjadi pemudah cara untuk petugas haji dengan kerajaan Arab Saudi.
Malaysia kecam serangan di Rafah yang membunuh 19 orang
Wisma Putra menegaskan serangan ini jelas menunjukkan keengganan Israel untuk bekerjasama bagi tujuan keamanan.
Penambahbaikan tadbir urus, tata kelola pengurusan kewangan bola sepak tempatan
Mencari solusi komprehensif kepada ketirisan, kelemahan tadbir urus dan tatakelola dalam pengurusan kewangan sukan bola sepak tempatan yang kini semakin meruncing.
Kurangkan import minyak, gas, segerakan dasar tenaga lestari
Rafizi berkata pada tahun lepas Malaysia mengimport kira-kira 25 peratus gas bagi memenuhi keperluan negara ekoran kekurangan pengeluaran sumber asli seperti minyak dan gas.
Apakah yang perlu dilakukan dengan segera untuk mempercepat peralihan kepada tenaga lebih lestari? Kupasan bersama Pengarah, BowerGroupAsia (Malaysia), Arinah Najwa Ahmad Said.
Apakah yang perlu dilakukan dengan segera untuk mempercepat peralihan kepada tenaga lebih lestari? Kupasan bersama Pengarah, BowerGroupAsia (Malaysia), Arinah Najwa Ahmad Said.
Peranan Maritim Malaysia diiktiraf dunia
Peranan serta tanggungjawab Agensi Penguatkuasaan Maritim Malaysia (Maritim Malaysia) diterima baik dan diiktiraf dunia.
AKPK: Tingkah laku pengguna belia & literasi Kewangan
Ketua, Jabatan Pembangunan Penyelidikan, AKPK, Mafrukhin Mokhtar berkongsi pandangan beliau berkenaan tingkah laku pengguna dalam kalangan belia serta tahap literasi kewangan mereka.