Asset Management

UK stocks slump to 10-month low in market rout

UK stocks slump to 10-month low in market rout
Photo: FN Staff

UK stocks dropped to their lowest close in almost 10 months on Tuesday, tracking a global market selloff that came after US suffered their worst day in most in more than six years, MarketWatch reports.

What are markets doing? The FTSE 100 index fell 2.6% to 7,141.40, ending at its lowest close since April 2017, according to FactSet data. The index traded as low as 7.079.41 in the morning — a 3.5% decline — but started to trim losses as US stock futures briefly swung into positive territory.

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