{"id":58444,"date":"2025-04-09T11:19:46","date_gmt":"2025-04-09T11:19:46","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2025\/04\/09\/ftse-100-drops-3-5-as-selling-resumes\/"},"modified":"2025-04-09T11:19:46","modified_gmt":"2025-04-09T11:19:46","slug":"ftse-100-drops-3-5-as-selling-resumes","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2025\/04\/09\/ftse-100-drops-3-5-as-selling-resumes\/","title":{"rendered":"FTSE 100 Drops 3.5% As Selling Resumes"},"content":{"rendered":"<div style=\"text-align:center\"><\/div><p> \n<\/p>\n<div id=\"ctl00_CPI_dvBody\">\n<p> After snapping a four-day losing streak on Tuesday, U.K. stocks have tumbled on Wednesday amid concerns about growth following U.S. President Donald Trump&#8217;s sweeping tariffs, including a 20% levy on European Union imports becoming effective today.<\/p>\n<p>The benchmark FTSE 100, which dropped to 7,618.01 earlier in the session, was down 273.14 points or 3.45% at 7,637.39 about a quarter past noon.<\/p>\n<p>U.S. President Donald Trump pushed ahead with higher duties on roughly 60 trading partners that he dubbed the &#8220;worst offenders.&#8221; The latest set of U.S. tariffs, including a massive 104% levy on Chinese imports, take effect today.<\/p>\n<p>Trump also proposed the imposition of a &#8220;major&#8221; tariff on drug imports in a bid to stimulate domestic drug production and tripled the previously announced tariff rates on low-value packages exported to the U.S. from mainland China and Hong Kong.<\/p>\n<p>The European Commission is reportedly contemplating imposing tariffs of up to 25% on over 22 billion euros worth of American agricultural and industrial exports.<\/p>\n<p>GSK, AstraZeneca and Melrose Industries are down 6 to 6.5%. BP is declining 5.2%, while Segro, Intermediate Capital Group, Schroders, WPP, Land Securities, Scottish Mortgage, Standard Chartered, Vodafone Group, Anglo American Plc, Hikma Pharmaceuticals, IAG, Barclays Group, Shell and Reckitt Benckiser are down 3 to 4.5%.<\/p>\n<p>Aviva, HSBC Holdings, Persimmon, Intertek Group, Associated British Foods, Rolls-Royce Holdings, Haleon, British American Tobacco, Natwest Group, Prudential and Imperial Brands are also down sharply.<\/p>\n<p>Fresnillo, Endeavour Mining and Airtel Africa are up 1.8%, 1.7% and 1%, respectively. <\/p>\n<\/p>\n<\/div>\n<p><script type=\"text\/javascript\">\n        window.fbAsyncInit = function () {\n            FB.init({\n                status: true,\n                cookie: true,\n                xfbml: true\n            });\n        };\n        (function (d) {\n            var js, id = 'facebook-jssdk'; if (d.getElementById(id)) { return; }\n            js = d.createElement('script'); js.id = id; js.async = true;\n            js.src = \"https:\/\/connect.facebook.net\/en_US\/all.js\";\n            d.getElementsByTagName('head')[0].appendChild(js);\n        }(document));\n    <\/script><br \/>\n<br \/>\n<br \/>FTSE 100 Drops 3.5% As Selling Resumes<\/a><br \/>\n<br \/>2025-04-09 11:19:46<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>After snapping a four-day losing streak on Tuesday, U.K. stocks have tumbled on Wednesday amid concerns about growth following U.S. President Donald Trump&#8217;s sweeping tariffs, including a 20% levy on&#8230;<\/p>\n","protected":false},"author":2,"featured_media":58445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.unsplash.com\/photo-1531412501799-1b4c354ca957?ixid=MXwxMjA3fDB8MHxwaG90by1wYWdlfHx8fGVufDB8fHw=&ixlib=rb-1.2.1&auto=format&fit=crop&w=2734&q=80","fifu_image_alt":"","footnotes":""},"categories":[29],"tags":[],"class_list":["post-58444","post","type-post","status-publish","format-standard","has-post-thumbnail","category-euro-markets"],"_links":{"self":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/comments?post=58444"}],"version-history":[{"count":0,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/posts\/58444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media\/58445"}],"wp:attachment":[{"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/media?parent=58444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/categories?post=58444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pantheregroup.com\/api\/wp\/v2\/tags?post=58444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}