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[$$] FTSE 100 has worst drop since 2016 as European stocks swoon

Bryce Elder

The FTSE 100 hit a two-year low as fears of a breakdown in US-China relations left the benchmark nursing its biggest daily drop since the Brexit vote. A 3.2 per cent drop in the blue-chip benchmark took the index back to levels last seen during the during the dotcom boom 18 years ago. paced declines in a sell-off that put the FTSE 100 on course for its worst year since the global financial crisis in 2008.