FTSE 100 falls into correction territory as shares hit seven-month low

Blue chips fall to lowest point since January

Natalie Kenway
clock • 1 min read

The FTSE 100 closed yesterday at its lowest level since January - dropping into correction territory - and continued to tumble in early trading as mining stocks dragged on shares.

On Wednesday, the FTSE 100 finished trading at 6,403; its lowest point in seven months when the blue-chip index hit 6,388 on the 14 January. Miners were the main laggards with commodity giant Glencore's 8% share price fall, following poor results, having a knock-on effect on miners Rio Tinto, Anglo American and BHP Billiton, which all fell around 4%. This morning, the FTSE 100 dropped a further 0.5%, touching 6,359, before recovering some of its losses to trade down 0.3% - the index was at 6,382 at 10.45am. The UK's benchmark index hit 7,000 for the first time ever in March and wen...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Trustpilot