On Monday, the FTSE 100 experienced a significant decline of approximately 4.4%, closing at 7,702, marking its lowest point in over a year as part of a global market downturn triggered by tariff actions initiated by President Trump. Investors continued to digest the implications of U.S.-imposed tariffs and the subsequent countermeasures taken by affected countries. In recent developments, President Trump escalated tensions by threatening additional tariffs on China through social media, in response to their counter to his reciprocal tariff policy unveiled last Wednesday.
On the corporate side, notable decliners included Melrose Industries, RELX, Sage Group, and Rentokil Initial, each suffering losses ranging from 7.4% to 7.9%. Conversely, in the small pool of advancers, precious metals miner Fresnillo recorded a gain of 1.3%. Additionally, Entain, owner of Ladbrokes, Natwest Group, and the housebuilder Taylor Wimpey registered modest upticks.
