Global markets fall after tech sell-off and fears over Chinese economy
Reaction follows Wall Street’s worst day in a month and unprecedented slump in investment in China
Global markets have fallen after a tech sell-off that fuelled Wall Street’s worst day in a month and weak economic data from China showed an unprecedented slump in investment.
The FTSE 100 fell by 1.1% on opening, losing about 100 points, as bellwether banking stocks tumbled. Barclays, Lloyds and NatWest slumped by between 3% and 3.5%.