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Shares plummet as investors get jumpy

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23/05/2006

The FTSE 250 index was hit by its biggest points fall ever on Monday amid falling markets worldwide.

Share prices and commodity prices dropped markedly as nervous investors made panic sales amid continued fears about the prospects for the world economy.

London’s FTSE 100 fell 124.7 points to 5532.7 – down 2% on the day and almost 10% off the six-year high it reached in April.

The FTSE 250, whose constituents include more domestic UK companies, plunged 363 points to 8828.60.

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