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11/09/2001
Chaos in London as FTSE closes early
Chaos descended upon the world’s stock markets on Tuesday following the attack on the World Trade Centre in New York.
The FTSE-100 in London closed down early due to the attacks after it was feared that there could be further assaults on political institutions throughout the world, while trading has been completely suspended in New York.
The FTSE was making a recovery on Tuesday when news came through of the US tragedy. Before the decision came to close the market, it dropped rapidly by over 250 points and is expected to fall further when markets reopen. Oil prices have risen to over $28 a barrel from the previous low figure of $27 mark, in anticipation of a potential Middle East crisis.
The share index had fallen below the 5,000 mark on Monday, the first time in three years, devaluing millions of small investors shares as part of a trend which went around the world. (MB)
The FTSE-100 in London closed down early due to the attacks after it was feared that there could be further assaults on political institutions throughout the world, while trading has been completely suspended in New York.
The FTSE was making a recovery on Tuesday when news came through of the US tragedy. Before the decision came to close the market, it dropped rapidly by over 250 points and is expected to fall further when markets reopen. Oil prices have risen to over $28 a barrel from the previous low figure of $27 mark, in anticipation of a potential Middle East crisis.
The share index had fallen below the 5,000 mark on Monday, the first time in three years, devaluing millions of small investors shares as part of a trend which went around the world. (MB)
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