FTSE 100 takes battering as trade worries shake global markets
The FTSE 100 took its second battering in as many sessions today as trade tensions and the prospect of a no-deal Brexit put the fear of God into investors.
The blue-chip index lost 183.21 points, or 2.47 per cent, to end the day at 7,407.06, after dropping more than 177 points on Friday.
Only miner Fresnillo escaped the carnage on Londons top index. Its shares rose by 4.75 per cent.
The top fallers included Hargreaves Lansdown, Prudential, JD Sports, Taylor Wimpey and Micro Focus.
FTSE 100 risers
- Fresnillo: +4.75 per cent, 640p
It came after US President Donald Trump panicked investors by announcing a 10 per cent tariff on $300bn in Chinese imports.
The move was the latest salvo in a trade war between the two countries and broke a months-long ceasefire. Yesterday the Wall Street Journal reported that the decision was taken against the advice of Trumps aides.
FTSE 100 fallers
- Hargreaves Lansdown: -6.83 per cent, 1,903.5p
- Prudential: -5.53 per cent, 1,512p
- JD Sports: -5.24 per cent, 582p
- Taylor Wimpey: -5.18 Read More