FTSE dives to year-low as global market turmoil continues
The FTSE 100 fell by 4.38% to 7,702.08, its lowest closing price since March last year, at the end of trading.
Global stock markets tumbled further on Monday as US President Donald Trump threatened to escalate his tariff measures against China during a volatile trading session.
London’s top stocks slid to their weakest level for more than a year on Monday as traders digested growing concerns over a potential global recession.
The FTSE 100 fell by 4.38% to 7,702.08, its lowest closing price since March last year, at the end of trading.
Meanwhile, the value of the pound dropped against both the dollar and euro.
The US’s S&P 500 had major swings on Monday during a choppy session but was around 1% lower when European markets closed, while the Dow Jones index was down 1.52%.
