Update: FTSE drops as Trump fear returns to markets

EM indices at four-month lows

The FTSE 100 has fallen more than 1% this morning, on the back of a continued sell-off in emerging market equities overnight, as investors fear the full implications of Donald Trump's win in the US presidential elections.

The UK blue chip index dropped 1.3% to 6,737 points with the biggest fallers being  commodities firms such as Randgold Resources and Fresnillo, both down more than 4%.  Smaller companies were also in decline with the FTSE 250 also down 0.8% This follows a mini-rally led by banks and pharmas in early trading on Thursday, as investors snapped up the sectors which are said to benefit from the Trump victory.  However, concerns that the new President's policies could hit global trade soon resurfaced with emerging market equities and currencies bearing the brunt. The MSCI Emerging Mar...