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UK: London Stock Exchange closes in the red after global China panic00:41

UK: London Stock Exchange closes in the red after global China panic

United Kingdom, London
August 24, 2015 at 18:15 GMT +00:00 · Published

The London Stock Exchanged closed with all major indexes in the red, Monday, after a global sell-off of Chinese shares due to the country's stricken economy rocked the global markets earlier in the day.

The FTSE 100 fell to 5,898 points (4.7 percent) - marking the first time that the index went lower than 6,000 points since 2013 - while the FTSE 259 closed at 16,214 (3.9 percent). The AIM All-Share plummeted to 702 points (4.1 percent). The European stock markets closed in the red altogether, with the DAX closing down 4.7 percent and the French CAC at 5.4 percent.

All major US indexes (Dow Jones, Nasdaq and S&P 500) entered correction territory after all of them took significant losses immediately after the trade had started, with the Dow Jones losing 1,000 points in the early morning. It leveled out at 390 points, after having travelled 4,100 points in total throughout the day.

UK: London Stock Exchange closes in the red after global China panic00:41
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The London Stock Exchanged closed with all major indexes in the red, Monday, after a global sell-off of Chinese shares due to the country's stricken economy rocked the global markets earlier in the day.

The FTSE 100 fell to 5,898 points (4.7 percent) - marking the first time that the index went lower than 6,000 points since 2013 - while the FTSE 259 closed at 16,214 (3.9 percent). The AIM All-Share plummeted to 702 points (4.1 percent). The European stock markets closed in the red altogether, with the DAX closing down 4.7 percent and the French CAC at 5.4 percent.

All major US indexes (Dow Jones, Nasdaq and S&P 500) entered correction territory after all of them took significant losses immediately after the trade had started, with the Dow Jones losing 1,000 points in the early morning. It leveled out at 390 points, after having travelled 4,100 points in total throughout the day.