Uk Stock Markets Plunge In Biggest Daily Fall Amid Trump Tariff

Londons FTSE 100 plunged 4.95 on Thursday its biggest daily fall since the March 2020 Covid lockdown following Donald Trumps sweeping new tariffs that have triggered global market turmoil.

Major UK firms bore the brunt, with Rolls-Royce shedding over 10 and miners like Antofagasta, Glencore, Fresnillo, and Anglo American down more than 8. Banks also slid, with Barclays and NatWest both falling around 8.

Markets across Europe and Asia also slumped for a second day. Frances CAC 40 dropped 0.92, Germanys DAX 0.74, while Japans Nikkei 225 fell 4.3. In the US, the S P 500 and Nasdaq dropped over 4 and 5 respectively, wiping out 1.5 trillion in value.

Trumps announcement of 10 tariffs on most US imports and 25 on cars has rattled investors.

Trump has detonated the most aggressive trade shock the market has seen in decades, said Stephen Innes of SPI Asset Management.