London's Ftse falls below 6000 as mining stocks plunge

London’s Ftse 100 collapsed below the 6000 mark yesterday as volatility hit markets across Europe again after a concerted sell-off among miners.

Miners led the decline after a series of broker downgrades amid fears over China, as well as a fall in commodity and oil prices, compounding concerns over global growth.

The Ftse was down nearly 3%, or 172.9 points, at 5935.8.