Footsie Plunges by Another 5% As Far East Is Routed ; Markets

Evening Standard - London › October 27, 2008

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Summary

LONDON shares slumped another 5% in early trading following a rout in the Far Eastern stock markets.

Japan's Nikkei index of 225 leading shares fell by more than 6% to close at its lowest for 26 years. The Hang Seng index in Hong Kong dropped almost 13% and the Manila stock market in the Philippines closed down 12%.

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Extract

Footsie Plunges by Another 5% As Far East Is Routed ; Markets

In London, almost [pounds]50 billion was wiped off the value of shares as the FTSE 100 lost...

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