FTSE 100 on track for its lowest close since April and Japan’s Nikkei suffers biggest fall since crash of 1987
Business live – latest updates
Shares on Wall Street and in London have fallen heavily amid a global stock market rout triggered by fears of a recession in the US.
The tech-focused Nasdaq index dropped by 6% as trading in New York opened on Monday, while the broader S&P 500 index fell by 4.2% in a sell-off triggered by weak US jobs data. The Dow Jones industrial average lost more than 1,100 points, a 2.8% decline.
About Author
More Stories
BYD launches cheapest UK model in bid to overtake Tesla as biggest electric carmaker
Jane Birkin’s original Hermès handbag to be sold at auction in Paris
‘They went too far’: Musk says he regrets some of his posts about Trump