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FTSE 100 suffers fall as Donald Trump’s sweeping tariffs wipe trillions off global markets

Old_JoeOld_Joe
in Other Investing
Following is a current report from The Guardian:

Shares slump on both sides of the Atlantic, and across Asia-Pacific, as US dollar falls to six month low after US President Trump’s ‘liberation day’
FTSE 100's worst day since August

Newsflash: Britain’s stock market has recorded its biggest one-day fall in eight months, as fears over Donald Trump’s escalating trade war triggered a wave of selling.

The FTSE 100 index of blue-chip shares has closed after a day of heavy losses, down 133 points or 1.5% at 8,474 points.

That’s its biggest daily drop since early August last year, when markets were tumbling on fears of a US recession.

Bank stocks led the fallers, with Standard Chartered down 13%, HSBC falling 8.8% and Barclays losing 8.7%.

Miners were also hit, by fears that a global downturn would hurt demand for commodities such as iron ore, copper and coal.
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