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DRAMATIC snaps show panic-stricken US traders resembling a Hollywood movie – while their Brit counterparts look more like the IT Crowd, as markets tumble.
Global stocks have seen a huge fall in recent days, with markets around the world affected.
The FTSE 100 – a list of the UK’s top 100 companies – sank by more than three per cent this morning – hitting its lowest level since late 2016 at 7,079.41.
Across Europe, Germany's equivalent – the Dax – plummeted by 2.7 per cent, while the Cac 40 in France was languishing 2.1 per cent lower in early trading.
Falls in Europe followed a brutal overnight sell-off in Asia and on Wall Street, where the Dow Jones Industrial Average and the S&P 500 dropped 4.6 per cent and 4.1 per cent respectively.
Images show traders on Wall Street in a frenzy as they rushed to sell stocks and shares before prices plummeted further.
Red-faced city workers are seen screaming instructions on a frantic trading floor in Chicago in dramatic snaps.
But despite facing a similar meltdown to their colleagues across the pond, the scene looked somewhat different in London.
Brit traders looked decidedly calm as they sat at their desks dealing with the crisis – with a couple of furrowed brows the only sign anything out of the ordinary was going on.
US stocks suffered their worst falls in more than six years, with traders continuing to dump stock today.
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The sell-off has been building since last Friday when many became spooked by the prospect of tighter monetary policy after the US posted strong average earnings data.
As a result, almost £50billion was wiped off the value of blue-chip leading UK companies.
The sell-off could also be a worrying move for pension savers, with millions of workers saving for their retirement in defined contribution pensions seeing their money invested into the stock market.
And the economy could suffer if the falls continue as there is less to money to invest, while consumer confidence could also take a hit.Stock markets across the US and Asia slide as global sell-off deepens
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Source : https://www.thesun.co.uk/news/5515823/wall-street-ftse-stock-exchange-panic-shares-sell-off/