
London midday: Stocks in freefall as China retaliates, trade war escalates
The FTSE 100 was down 3.5%. European stocks fared even worse, with the benchmark Stoxx 600 index down 4.1%, while Germany’s DAX and France’s CAC were off 4.3% and 3.8% respectively. China, which is facing a 54% tariffs on its exports to the US, said the …