INVESTORS in Britain and around the world have been sent into panic today after China’s stocks plummeted by 8.5 per cent – the largest one-day fall in almost eight years.
The FTSE 100 was in the red this morning after share indices in the world’s second-largest economy suffered their worst drop since 2007.
The fall in China is part of a wider slump in the country’s stocks that first began in mid-June, amid fears the China’s finance bubble had burst.
Previously China’s indices had almost doubled in the space of just a year.
The country’s Government had managed to briefly calm nerves with a raft of support measures, but today investors appeared to have lost all faith in official efforts to prop up values. Continue reading