FTSE continues fall to drop under 5800

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The FTSE 100 index has dumped a further 132 points or 2.1% in morning trading taking the benchmark to 5779.6 at 9.45am.

The fall in shares follows an equally bad day on Friday when equities nosedived on a weak dolar taking the FTSE down by 2% on the day to 5912, after having started on 6042. So far this morning, the FTSE 100 index has fallen to a low of 5755.4 - a drop of 2.65% - before pulling back slightly. Shares in mining stocks have led the decline as BHP Billiton, the world's biggest mining company, had, by 8.40am, slipped 4.5% to £11.15 while Anglo American, the world's second-largest mining company, has fallen 4.9%, to £23.06. Scottish Power, the UK's fifth-largest utility, declined 1.1% to 5...

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