Update: FTSE drops as Trump fear returns to markets

EM indices at four-month lows

Natalie Kenway
clock • 2 min read

The FTSE 100 has fallen more than 1% this morning, on the back of a continued sell-off in emerging market equities overnight, as investors fear the full implications of Donald Trump's win in the US presidential elections.

The UK blue chip index dropped 1.3% to 6,737 points with the biggest fallers being  commodities firms such as Randgold Resources and Fresnillo, both down more than 4%.  Smaller companies were also in decline with the FTSE 250 also down 0.8% This follows a mini-rally led by banks and pharmas in early trading on Thursday, as investors snapped up the sectors which are said to benefit from the Trump victory.  However, concerns that the new President's policies could hit global trade soon resurfaced with emerging market equities and currencies bearing the brunt. The MSCI Emerging Mar...

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 Emerging markets

JPM AM's Hugh Gimber: Thinking more broadly about EM stocks

JPM AM's Hugh Gimber: Thinking more broadly about EM stocks

Client demand into region rising

Hugh Gimber
clock 26 March 2024 • 4 min read
Four Graphs explaining India

Four Graphs explaining India

Four experts write

Investment Week
clock 12 February 2024 • 4 min read
JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

Early adaption is key

Omar Negyal
clock 11 January 2024 • 2 min read
Trustpilot