IBEX 35 posts biggest one-day drop in its history after Brexit

The Spain’s IBEX 35 plunged amid political and economic uncertainty after the Brexit vote. The index lost 12.35% to 7,787 points on Friday, marking the steepest fall in 24 years of history, with banking sector leading the way. 

Friday’s fall trumped the previous record for the greatest one-day plunge on Oct. 10, 2008, when the IBEX 35 fell 9.14% at the beginning of the financial crisis that followed Lehman Brothers breakdown. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.