FTSE 100 reaches five-month low as uncertainty surrounding emerging markets arise
The FTSE 100 is seeing a five-month low for its trading with uncertainty around emerging markets and the ongoing trade war between the US and China, being the main catalysts for the fall – analysts said.
Dropping 7,362 points this morning, its lowest level since April, the index has since recovered slightly reaching 7,369 at midday.
Among the biggest fallers, Just Eat dropped 3.4%, BHP Billiton saw a slump of 3.2%, and Ocado Group has declined by 3.55%.
There was some good news for Centrica, which owns British Gas, the firm has seen a rise of 5.6%.
US President Donald Trump plans to impose tariffs on a further $200bn (£154.5bn) of Chinese imports. Trump could impose the tariffs as soon as the deadline for public comments pass.