Airline and travel companies are sliding in London this morning as the suspected Swine Flu pandemic sends shockwaves through global investors.
At 8.20am, the FTSE 100 was down 66.23 points, or 1.59%, to 4089.76.
British Airways was the hardest hit as air travel is seen as the likely spread of the virus, down 8.36% to 150.20p.
Cruise liner Carnival has dived 7.17% to £18, while holiday groups Thomas Cook and TUI Travel have fallen 7.07% to 262.75p and 5.61% to 256.50p respectively.
Best performer this morning is Aviva, after reporting a worldwide sales increase. The insurer is 3.93% higher to 284p. Drug companies are also doing well, as the world waits to see if a vaccine can be rapidly developed.
In Tokyo, the Nikkei was one of the only a few Asian indicies to avoid a sharp decline on Monday, adding 18.35 yen, or 0.21%, to 8,726.34. Hong Kong's Hang Seng was among the losses, down 373.23 points, or 2.45% to 14,885.62.
In the US, stock futures plummeted on Swine Flu fears, with Wall Street braced for a tough start to the week.IFAonline
More than half of people over the age of 55 see financial security as a top priority in retirement, yet a third allocate more time to buying a new car, research from Legal & General (L&G) has found.
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