FTSE drops below 5,000

The FTSE 100 index of leading UK shares has fallen below the 5,000 level for the first time since October 1998.

The FTSE 100 index of leading UK shares has fallen below the 5,000 level for the first time since October 1998.

The index last dropped below 5,000 when world stock markets were still in shock after the Asian economic crisis.

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