For those living somewhere else. Terra Nova maybe!
LONDON, Sept 30 (Reuters) - Britain's top share index fell on Friday to register its biggest quarterly loss since 2002, with investors' confidence battered by fears of a global recession and a deepening euro zone debt crisis.
Banks were the worst performing sector on Friday, reversing a recent rally, led by emerging markets lender Standard Chartered , down 5.2 percent, while global heavyweight HSBC dropped 3.1 percent.
Hong Kong shares also slumped on Friday led by mainland banks and developers on fears that a property market correction in China could trigger problems for banks, particularly those with higher exposure to informal lending activities.
The UK benchmark ended down 68.36 points, or 1.3 percent, at 5,128.48 on Friday, a grim end to a quarter in which the index sank 13.7 percent, wiping 218 billion pounds ($340 billion) off its value.
The index is down 13.1 percent in the year-to-date, having gained 9 percent in 2010.
The sell-off in the third quarter was precipitated by the dual concerns that the United States could lapse into another recession, and that the euro zone debt crisis could spark a repeat of the 2008 credit crunch.
Cheers
CNX Price at posting:
14.3¢ Sentiment: LT Buy Disclosure: Held
