Tag: Asian equity markets

Pound, Asia markets plunge as Brexit fears resurface

    HONG KONG, China (AFP) — The pound slumped to a fresh 31-year low against the dollar Wednesday while Asian equity markets tumbled as the negative effects of the Brexit vote sent traders fleeing to safety. With last week’s global rally — inspired by promises of central bank stimulus after the poll — consigned to history, high-risk assets such as emerging currencies and oil have also been sent tumbling as fears begin to kick in. […]