Jitters over China manufacturing slowdown wipe £34bn off FTSE 100

Discussion in 'Market News' started by Lily, Jan 4, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    UK stocks tumble as renewed concerns over global economy spooks markets

    The FTSE 100 had a sorry start to the new year with £34bn wiped off leading shares after more weak figures from China fanned fears the global economy was slowing.

    News of weakness in China’s vast factory sector sent Chinese shares tumbling 7%, forcing trading to be halted. The sell-off and share suspension sent jitters around global markets as traders returned from the Christmas break. The FTSE 100 lost more than 2%, or 133 points, in morning trading, falling to 6,108.

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