Johnson's victory could turn things for European market that lost $100 bn

The U.K. stock market, which has been among the world's strongest underweight positions in the years after the Brexit referendum surged on Friday after the election results

Boris Johnson’s decisive victory may prove to be a turning point not just for the U.K. but for the entire scorned European stock market.

The Conservative Party’s win filled investors with optimism that a major political risk related to Brexit will soon be removed, sending the European equity benchmark near a record high. Goldman Sachs Group Inc. lifted its forecasts for both European and U.K. indexes following the election results.

Fears that the U.K. might crash out of the European Union without a deal have been a significant driver of $100 billion in outflows from European stock funds this year, the largest