Fourth of July

Tokyo stocks down 3 percent, other Asian stocks slump

Asian stock markets slumped on Wednesday led by a 3-percent fall in Tokyo stocks while the British pound hit a new 31-year low. Investors worried about the effect of Britain's decision to leave the European Union on the U.K. real estate market following the Bank of England governor's remarks.

KEEPING SCORE: Tokyo's Nikkei 225 fell 2.8 percent to 15,239.23 and South Korea's Kospi lost 2.1 percent to 1,947.49. Hong Kong's Hang Seng index slid 2 percent to 20,331.33. Australia's S&P/ASX 200 was down 1.3 percent to 5,157.90. Stocks in mainland China, Taiwan and Thailand were also lower.

UK WATCH: Concerns that the U.K.'s decision to leave the European Union might cause a...