FTSE sheds 1.3% to end worst quarter since 2002


The FTSE 100 has closed down 1.3% bringing a total loss for the quarter to 13.7%, its worst performance for nine years.

The index dropped 68 points today to close just shy of 5,129 points. The quarterly performance is worse than the sell-offs seen over the course of 2008 and the first three months of 2009. During that period, the FTSE 100's worst quarter saw it drop 12.9% in the three months to 30 September 2008. The last time it dropped further over a quarter was in 2002, when the blue chip index shed 20% between July and September. Total trading volumes for the current quarter are an average 25% lower than volumes seen in 2008, however, according to data from Thomson Reuters. Markets around ...

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