Stock markets around the world plummeted on Monday, with a crash in the oil price combining with continued worries over coronavirus sending investors running to assets safer than equities.
The FTSE 100 closed the day 7.25% lower, dropping by 468 points to 5,994. The sharpest fall was registered by oil and gas group BP, which closed down almost 20%.
The FTSE 250 was down 1,130 to close at 17,616.
In the US, the S&P 500 Index plunged 7% on opening, knocking into action a so-called circuit breaker under which trading is suspended for 15 minutes in the event of a sharp fall. At about 5pm GMT it was trading down almost 6%.
With London markets a sea of red, most large listed property players all fell, including Derwent London (-3.45%), SEGRO (-4.64%), Landsec (-5.09%), British Land (-6.43%) and Hammerson (-6.98%).
After a second price monitoring extension in trading, beleaguered intu Properties shed 1.8% to close below 5p per share for the first time, at 4.91p. The company’s market capitalisation is now just £67m.
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