FTSE 100 drops 3% to below 6,000 after China suspends trading for second time

Volatile week for index

The FTSE 100 was down 3% this morning to 5,913, after turmoil in China overnight saw trading suspended after just 30 minutes.

This morning's biggest fallers on the FTSE were Anglo American, down 9%, and Aberdeen Asset Management and Old Mutual, both 6% lower. The FTSE 250 was down 2.3%. Only two FTSE 100 stocks reported gains: Randgold Resources and retailer Marks & Spencer. The FTSE has been volatile all week since re-opening for 2016 on Monday, while other global indices including the Dax and the Dow Jones have also struggled.  Western markets have been jittery following a turbulent few days for China's markets. Last night, the Chinese authorities shut its market after less than 30 minutes of trading, a...