Global stock markets have lost a record $3tn in the past two trading days after a sharp sell-off in equities around the world in response to the UK referendum vote to
leave the EU.
Observers said the falls on the first day after the vote on Friday were tied mainly to the short-term unwinding of trading positions related to expectations of a Remain vote ahead of the shock result. The further selling on Monday was more about long-term revaluing of assets in anticipation of the potential fallout from the decision.
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