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Stock market rout wipes £50bn off FTSE 100 in China panic
Source: http://www.theguardian.com/business/live/2015/aug/
FTSE 100 hits new lows, now down 3.5%
The rout is deepening.
The FTSE 100 just fell below the 6000 point-mark again, as traders react to predictions of a heavy selloff on Wall Street.
The blue-chip index is now down over 220 points or 3.5% at 5964 points, its lowest level since January 2013.
If it finishes there, then more than £50bn would have been wiped off the collective value of the 100 companies on the index (we’ll get the official verdict after 4.30pm BST, when the market closes).
Read more: http://www.theguardian.com/business/live/2015/aug/24/global-stocks-sell-off-deepens-as-panic-grips-markets-live
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