UK shares slump to lowest level in over 2-1/2 years

  • 2/5/2023
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LONDON, Dhu-AlQa'dah 09, 1436, August 24, 2015, SPA -- Britain's top share index fell sharply on Monday, with all individual stocks in the red and miners leading the slide on growing fears of a China-led global economic slowdown. Alarm bells rang across world markets after a 9 percent dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors. Traders said investors were effectively being forced to sell to raise cash after widespread losses across markets and that the chain reaction had yet to reach its end. The blue-chip FTSE 100 was down 2.8 percent by 1054 GMT, reaching its lowest level since early 2013. --SPA 16:28 LOCAL TIME 13:28 GMT www.spa.gov.sa/w

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