RSMR's Stewart Smith analyses sell-off
Chancellor issues warning after nearly 5% FTSE drop
Investors rush for the exit amid China fears
Managers stand firm as panic-selling continues
Blue chips fall to lowest point since January
Mining stocks are dragging down the FTSE 100 index after weak trade figures in China have reignited worries about a slowdown in its economic growth.
Barclays helped boost the FTSE 100 today after chairman John McFarlane announced increased profits and a strict cost-cutting exercise in the interim company's results.
Insurer RSA has topped the FTSE All Share leaderboard this morning after rival Zurich Insurance confirmed it is considering a bid for the company.