FTSE dives 1.7% on hung parliament fears and Greek woes

The FTSE 100 plunged 1.71% or 89.76 points to 5171.23 this morning as shares were hit by the prospect of a hung parliament in the UK and worries over the Greek debt crisis.

Banks continued to fall, after heavy losses yesterday following a Moody's report warned UK lenders are at risk of Greek contagion. RBS dropped 45.37% to 45.64p, despite reporting an operating profit £713m in Q1. Meanwhile, Lloyds declined 4.33% to 54.19p and Barclays fell 3.7% to 290.55p. However, the UK's two banks with big exposure to Asia reversed some of the previous day's losses. HSBC was the morning's second biggest riser, up 1.19% to 635.9p, while Standard Chartered advanced 0.34% to £16.17. The FTSE drop follows a turbulent trading session for the Dow Jones which plunge...