Markets spooked by Spanish bond yield spike

London's leading index was more than 50 points, or 0.93%, lower at 5,373 in the minuters after opening. The index fell more than 1.5% yesterday. Elsewhere, US markets declined overnight after Spanish ten-year government bonds yields come perilously close to reaching the danger level of 7% on Thursday. The S&P 500 reported a decline of 1.68% to 1,216.13 at the end of trading, while the Dow Jones closed 1.1% down at 11,770. In Asia, the Nikkei 225 was down 1.23% to 8,374.91 and emerging economy indices such as the Hang Seng dropped 1.8% and the Shanghai 1.92%. The spike in Spanish...