World stock markets shudder and plunge

By Philip Thornton
Friday 21 November 2003 01:00

Stock markets across the world fell within seconds of news of the Turkish bombs, amid fears of a wider campaign against the West.

In London the FTSE 100 index of leading shares fell 40 points within minutes as the markets focused on the vulnerability of British interests across the world.

The markets took another knock, falling as much as 60 points, after news broke from the US that the White House had been evacuated. Shares fell in companies that were either caught up in the explosion or seen to be at risk from a downturn in travel. Shares in HSBC Bank fell more than 1 per cent. Aviva, the insurer which employs 400 people in Istanbul, fell 2 per cent while Marks & Spencer, which has a shop near by, also fell. The Turkish stock market fell 7 per cent before trading was suspended while its currency, the lira, fell 1.3 per cent against the dollar. But most major markets later regained ground.

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