Britain'S Departure From Europe -- A Very Dark Day In The European Market

Britain's referendum returns to Optima, Europe

A very dark day.

The British stock market plunged 9% after opening, and investors fled in a bid to push the European stock market to drop sharply.

Industry stocks were also hard to escape. The UK's luxury brand Burberry BRBY.L dropped more than 3%, while Jimmy Choo (Choo) fell nearly 1%, while Mulberry (MUL) plunged nearly 6%.

Earlier, there were reports that the United Kingdom would take off from Europe.

The most direct impact of the industry is the weakness of the pound, which will increase the paction costs of Garment Retailing.

The pessimism of the British referendum's retreat to Europe spread to other European markets. The German stock market plummeted nearly 10% after opening. British stock market plunged 9% after opening, French stock market plummeted 11% after opening, and Spanish stock market plummeted 17% after opening.

By the end of the press release, the world's largest luxury group LVMH shares fell nearly 6%, the German sports brand Adidas fell nearly 5%, DIOR fell the most severe 7%, France's L'OREAL group fell 4.6%, the Swiss Watch Jewellery group fell nearly 7%, and the Italy luxury brand Prada listed in Hongkong dropped nearly 4%, creating a new bottom in recent years.

Burberry warned in a letter to all employees of the company the day before the referendum that if the United Kingdom had Brexit, it would have a negative impact on the company.

In February this year, Burberry CEO Christopher Bailey and board chairman John Peace joined 195 other British entrepreneurs to sign a proposal to support Britain's stay in the EU, but now the plan has failed.