FTSE 100 falls into correction territory amid global economy fears

Britain's blue-chip index hit a seven-month low of 6,359 points, more than 10% from its record closing high of 7,104 points in April

Britain's leading share index dived for an eighth consecutive day on Thursday, as tumbling oil prices and anxiety over a slowing economy in China sent the FTSE 100 officially into correction territory - a fall of 10% from its recent peak.

The blue chip index hit a new seven-month low of 6,367 points, down 0.5% on the previous close and into its longest losing run since 2011. It has lost more than 10% from its record closing high of 7,104 points set in April.

Related: Stock market correction: is this a new global financial crisis?

It's all looking a bit ugly - Dow $DJIA currently forecast to start 180 points lower than Weds close, at 17169. Low for 2015 is 17,038.