Echo of Black Monday as stocks fall

Blue chip stocks took a hammering as Friday’s sharp falls on Wall Street spread to the London market in an echo of the Black Monday crash almost 20 years ago to the day.

The FTSE 100 Index dropped 101.8 points into the red by mid-session trading after a troubled market opening, which saw the Footsie fall nearly 2% in the first few minutes.

The benchmark index was mirroring heavy overnight falls in Asia, with global markets reacting to a significant sell-off in America late last week on the 20th anniversary of Black Monday.

Channel 4 – News – Echo of Black Monday as stocks fall


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