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[$$] FTSE 100 drops 2% to lowest level in two years

Adam Samson in London

The FTSE 100 index of large UK companies dropped 2.3 per cent during morning dealings in London. European stock bourses sustained a blow on Thursday on fresh jitters over US-China relations, after the arrest in Canada of Huawei’s finance chief, at the request of the US. “Markets are worried by numerous things: global economic growth, rising interest rates and the US-China trade war,” said Russ Mould, investment director at AJ Bell.