Fears over Chinese economy, plunging oil price and Greece wipe £112bn from top UK equities as 100 index hits 6300.63
Global stock markets continued to tumble on Friday, pushing the FTSE 100 to its worst weekly fall in more than three years. Since Monday, £112bn has been wiped off the value of Britain’s leading companies.
Investors headed for the exits amid growing fears about the Chinese economy, the tumbling price of oil, and the prospect of another eurozone crisis prompted by political uncertainty in Greece.
Continue reading...