Credit crunch rocks global markets
Updated on 22 October 2007
London's leading share index sunk into the red as persistent fears over the credit crunch rocked global markets, 20 years after the Black Monday crash.
But a late session surge helped the FTSE 100 Index recover some of the staggering losses seen in early trading, when the Footsie fell nearly 2% in the first few minutes.
The benchmark index closed 68.6 points down at 6459.3 - a fall of more than 1% - with some positive half-year corporate results in the US helping limit the decline.
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