ANKARA
U.K. stocks fell sharply, and the pound declined against the dollar, as investors pull cash out of British markets ahead of the results of the U.K. election on Thursday.
The U.K. stocks benchmark FTSE 100 Index dropped to about 6,837, down 1.37 percent at about 1000GMT as investors worried about a potential hung parliament in the country, where no party would win an overall majority.
Stocks around the world have also been pressured lower after Federal Reserve Governor Janet Yellen said Wednesday that equity prices were overvalued in the U.S., and called that "dangerous."
But other securities have also been hit by election jitters. Yields widened on 10-year Gilts -- British government bonds -- to about 2 percent.
The British pound fell about 5 percent against the dollar to about $1,5202.
The AIM All-Share Index also lost about 50 points ahead of the voting.
Uncertainty ahead of this election - one of the most closely contested in recent years - has deterred small companies from listing on the AIM market.
Only 10 companies have listed on the index in the first three months of this year, a 63 percent drop from the previous quarter.
