Update: FTSE wavers after US stocks enter correction territory

Asian stockmarkets also down

Jayna Rana
clock • 2 min read

The FTSE 100 fell 0.4% in opening trading but rebounded later in the morning, proving more resilient than US markets which suffered losses of more than 4% in yesterday's trading.

UK blue chips were trading down around 0.26% by 11.13am (GMT), at around 7,153 points while on the continent the Euro Stoxx 50 was down 0.57% to 3,358 points. This follows a rough day of trading in the States yesterday with the Dow Jones falling over 1,000 points and is now on track to suffer the biggest weekly decline it has seen since October 2008 - the height of the global financial crisis.. US equities suffered its second sell-off in a week to hit 2018-lows with the Dow Jones and S&P 500 both entering what is deemed correction territory. The Dow Jones industrial average fell 4....

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