"The FTSE 100 has entered what's known as correction territory on Monday, after another fall of 2 per cent for the day made it more than a 10 per cent drop from recent highs."
"The ongoing situation with the Middle East war is now into its fourth week and investors have left global markets in their droves over fears for how much longer matters could continue to unravel."
"Fast forward to last week and it dropped below 10,000 on Friday for the first time since reaching the milestone level in early January."
"A 2 per cent drop in the first two hours of trading this week has seen that plummet to 9,710 points - representing an 11 per cent drop-off from its high point since the first strikes."
The FTSE 100 index has fallen into correction territory, experiencing a drop of over 10 percent from recent highs. This decline is attributed to external factors, including the ongoing Middle East war, which has caused investors to withdraw from global markets. The index, which was close to 11,000 points in February, fell below 10,000 for the first time since January. A 2 percent drop in early trading this week further decreased the index to 9,710 points, marking an 11 percent decline since the conflict began.
Read at www.independent.co.uk
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