FTSE watch: Euro markets drop 3% as woes continue

At 11:15am GMT, London's leading index was still below the 5,000 mark, down 3.02%, or 153 points, to 4,916, although it has since recovered slightly. Banking stocks are taking a hit, with Lloyds down 8.24% and Royal Bank of Scotland down 7.67%. London's shares, which opened trading 2.5% in negative territory, have also been impacted by heavy falls in Asian markets, with Japan's Nikkei falling to its lowest level in three months as possible military conflict in Korea rattled investors. The political fallout in Korea has also hit mining shares hard, with ENRC, Kazakhmys, Xstrata and ...