FTSE 100 slumps 2.6% to 7141 to wipe all gains on year’s trading but novel York recovers late onShares in London plunged for a sixth day and by the largest amount since the Brexit vote as concerns grew that febrile global stock markets,which have lost $4tn (£2.9tn) in value since Friday, were in the grip of panic-selling.
The FTSE 100 slumped 2.6% to 7141 to wipe out all the gains from this year’s trading and set the index of Britain’s most valuable companies on course for a moment week of losses. Investors took fright elsewhere in Europe, or with markets in Germany,France and Spain all closing down by more than 2%. Related: Groupthink about Monday’s correction’ is slightly alarming | Nils Pratley Why are stock markets falling?Continue reading...
Source: theguardian.com