FTSE 9% down as markets plummet

Shares have continued to plummet worldwide as panic spreads over fears of a global recession. The FTSE 100 ended the day 381.7 points down at 3932.1, almost 9 per cent lower. This week's turbulence is the worst since the 1987 crash and has seen £250 billion wiped off the value of UK shares since Monday. "We are drowning in a sea of red numbers and fundamentals have gone out the window" - Henk Potts On Wall Street, the Dow Jones Industrial Average shed almost 700 points in early trading and by 4.55pm, was 463.3 points off at 8115.9. European stock exchanges trimmed earlier losses and in Germany, the Dax finished 432.0 down at 4454.9 while France's Cac 40 was 324.9 lower at 3117.7. Trading was halted on stock markets in Iceland, Russia, Austria, Indonesia, Romania and Ukraine as a result of the share price falls. In London,... [read full story]                    

Add Comment
There are also 13 related articles
View all news articles about*:
*Newstin tag cloud displays all featured persons, associated organisations, related topics, regions and companies