£56bn wiped off FTSE 100 in biggest market fall since Brexit vote

Arrest of Huawei’s Meng Wanzhou compounds fears of escalating US-China trade war

The value of the City’s leading companies fell by more than £56bn on Thursday during waves of selling on stock markets in Asia, Europe and North America prompted by heightened fears of a trade war between the US and China.

The FTSE 100 index suffered its biggest percentage fall since the day after the EU referendum in June 2016 – closing almost 218 points lower at 6,704.

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from US news | The Guardian https://ift.tt/2rqyWxT