The FTSE 100 experienced a significant downturn, falling to its lowest level in over a year amid a global selloff. This decline was primarily driven by investor reactions to US tariffs and retaliatory measures from other countries, exacerbated by further warnings from Donald Trump regarding increased tariffs on China. While most constituents suffered losses, a few precious metals miners and select other companies bucked the trend.
- The FTSE 100 dropped approximately 4.4%, closing at 7,702.
- This was the FTSE 100’s lowest level in over a year.
- The selloff was attributed to global concerns surrounding US tariffs and retaliatory actions.
- Donald Trump threatened to raise tariffs on China further.
- Top losers included Melrose Industries, RELX, Sage Group, and Rentokil Initial, with losses between 7.4% and 7.9%.
- Fresnillo was among the few gainers, adding 1.3%.
- Entain, Natwest Group, and Taylor Wimpey also experienced slight gains.
This data indicates a period of considerable instability for the FTSE 100, directly influenced by international trade tensions. The widespread losses across various sectors suggest a broad-based investor concern. The few companies that managed to increase in value did so generally at a small percentage, indicating a flight to safety in precious metals, or perhaps sector-specific positive news offsetting the wider negative sentiment. Overall, the outlook appears bearish unless trade relations stabilize.