Securities and Exchange Commission to keep an eye on the markets after Brexit vote
The US Securities and Exchange Commission (SEC) has said it will be paying close attention to the equity markets following yesterday's Brexit vote, which was announced this morning.
A statement by SEC chair Mary Jo White read:
The US equity markets opened normally for trading this morning. We are continuing to closely monitor the markets and have been in regular communication with financial institutions, exchanges, and market utilities, as well as our financial regulatory counterparts.
The UK's decision to opt to leave the EU has whipped markets worldwide into a tizzy.
Pre-market opening, the US stocks were trading low.
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This morning, billions were wiped off the value of the FTSE 100, with shares in banks and housebuilders in particular plummeting. The bluechip index has, however, since recovered.
Meanwhile, trading on the Nikkei 225 was suspended after the index fell to its lowest level since the end of 2014 as the Brexit decision emerged.
Sterling has also struggled, crashing to its lowest level against the dollar for over 30 years.