FTSE nose-dives nearly 10% on Brexit, rest of Europe hammered

The head of the German Conservatives in parliament, Volker Kauder, said Friday that the parliament will hold a special session next week to discuss the implications of Brexit, MNI reports.

A horrid start this Friday, as pointed by the FTSE futures, more than half the stocks on the FTSE failed to open at the European opening bells, with the index nose-diving almost -10% in response to the UK’s exit from the EU’s membership.

The final outcome of a Brexit vote stood at 51.9% Leave vs 48.1% Remain, finally declaring a Brexit victory.

Banking sectors stocks were heavily battered, down 10% to 15%, driving the European markets deep in the red.  A renewed risk-aversion wave hit the markets and crushed risk appetite across the board, as the European traders now assess the implications of Brexit on the UK’s economy and the 19-nation bloc

Germany's DAX 30 index drops 8% to 9,427 now, while the UK's FTSE 100 index falls 6.23% to 5,947. Among the other indices, the French CAC 40 index loses 9% to 4,066, while the pan-European Euro Stoxx 50 index plunges -9.46% to 2,742.