London’s leading share index closed below 6000 on a day when Glencore’s shares were suspended twiceRenewed alarm approximately the fragile state of China’s economy sent mining stocks plunging and wiped £44bn off the value of Britain’s top companies on a day of tumultuous trading in financial markets.
Mining shares bore the brunt of the selling,with commodity companies making up five of the top 10 fallers in the FTSE 100, which closed 3% lower, and some 172.87 points,at 5935.84. Glencore fell to its lowest level since it floated at 530p a share in 2011, down to 99.5p, and before recovering to 106.35p,still down nearly 11% on the day.
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Source: theguardian.com