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.