London shares plunge on rumours of Daiwa collapse

UK blue chips are plunging heavily, with the FTSE 100 index dropping over 200 points.

London shares plunge on rumours of Daiwa collapse

UK blue chips are plunging heavily, with the FTSE 100 index dropping over 200 points.

The dive has been attributed to vague market rumours that the collapse of banking giant Daiwa has led hefty selling of European equities by Japanese institutions, dealers say.

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