FTSE plunge continues

PANIC continued as the London Stockmarket opened today, with the FTSE 100 Index falling 3 per cent in early trading.Around £77 billion was wiped for the value of the FTSE on Monday, the largest one-day plunge since the 9/11 terrorist attacks on New York and Washington DC in 2001.

PANIC continued as the London Stockmarket opened today, with the FTSE 100 Index falling 3 per cent in early trading.

Around £77 billion was wiped for the value of the FTSE on Monday, the largest one-day plunge since the 9/11 terrorist attacks on New York and Washington DC in 2001.

Overnight there were further falls on Asian exchanges as growing concern over a possible US recession swept through markets around the world.

Today the Footsie continued its decline, falling 192.7 points to 5385.5.