FTSE 100 posts largest quarterly fall since Black Monday aftermath
by Richard Partington Economics correspondent from Economics | The Guardian on (#51H05)
Speed of US stock market fall outstrips even 1929 Wall Street crash, reflecting global scenario
The FTSE 100 has posted its biggest quarterly fall for more than three decades amid the financial panic caused by the coronavirus, as the economic costs of the global health pandemic continue to mount.
The leading index of UK company shares plunged by 25% in the three months to the end of March, the biggest quarterly contraction in London-listed share values since the aftermath of Black Monday in October 1987.
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