FINANCIAL WARNING: More TURMOIL expected as Chinese markets MELTDOWN to continue

The FTSE 100 bounced back into the green at the open, and above the 6,000 mark, before falling back to hover at around 5961 by late moring.

It follows a catastrophic day yesterday when the index measuring the value of Britain’s largest companies shed billions of pounds in value and closed down by almost two per cent, after China’s stock markets plunged seven per cent and closed for the second time in a week.

The losses came amid a stark warning by the Chancellor over the threat to the economy.

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