EU stock markets hit hard, London closes down 3.2%

(FILES) This file photo taken on March 17, 2006 shows a London Stock Exchange logo in London. The pound plunged and world stock markets slumped Friday after Britain's shock vote to leave the European Union, fuelling a wave of global uncertainty. Sterling crashed 10 percent to a 31-year low at one point and the euro also plummeted against the dollar, as the Brexit result caught markets by surprise. / AFP PHOTO / BEN STANSALL

LONDON: Shock news that Britain had voted to leave the European Union hit European stock markets hard on Friday, with London’s FTSE 100 index recovering from early losses to close down 3.2%.

The Frankfurt stock exchange suffered a 6.2% blow, while Paris slumped 8.0%, with Milan losing 12.5% and Madrid 12.4%. - AFP