Global markets struggle 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 suffered another day of volatile trading 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% in London, closing down about 100 points at 9,698, as bellwether banking stocks tumbled. Barclays, Lloyds and NatWest slumped by between 2.7% and 3.6%.
