Managers to increase market exposure amid long-awaited sell-off

Markets have been in on a downwards trend since last Monday with the S&P 500 suffering its worst weekly performance in two years last week, falling 3.9%, while the Dow Jones lost 4.1%. The Dow Jones subsequently suffered its worst points drop in its 122-year history yesterday and closed 4.6% down at 24,345 points, while in Asia the Nikkei 225 fell as much as 7.1% in overnight trading before recovering to close 4.6% down. In the UK, the FTSE 100 sunk 3% in early morning trading before regaining some losses to trade around 7,173 points, a loss of 2.2% on the day so far (as at 11.36am). ...