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UK stock markets experienced a sharp decline on Friday, heading towards significant weekly losses as fears of a global recession deepened. The downturn followed China's retaliation against US President Donald Trump's recent announcement of extensive tariffs. The FTSE 100 Index fell to its lowest level since December of the previous year, marking its most severe weekly drop since February 2022.
UK stock markets experienced a sharp decline on Friday, heading towards significant weekly losses as fears of a global recession deepened. The downturn followed China's retaliation against US President Donald Trump's recent announcement of extensive tariffs. The FTSE 100 Index fell to its lowest level since December of the previous year, marking its most severe weekly drop since February 2022.
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