London stocks closed lower on Friday (Nov. 26), their worst decline in more than a year on fears of the coronavirus outbreak. new strains that may be resistant to that vaccine has caused stock markets around the world to fall
The FTSE 100 London Stock Exchange closed at 7,044.03, down 266.34, or -3.64%.
The FTSE 100 fell to its lowest level in more than seven weeks, with commodities, travel and banking stocks leading the market lower.
England stated that Scientists consider that The new virus discovered in South Africa is the most distressing strain ever detected. and it is necessary to ensure that Is the vaccine effective in preventing such strains of COVID-19?
Shares of travel company TUI fell nearly 10 percent, while airline shares such as Wizz Air, EasyJet and British Airways-owned IAG fell about 15 percent after Britain’s deadline. Travel restrictions from 6 African countries including South Africa
Supply chain concerns and inflationary pressures continue to weigh on the FTSE 100.
Major British bank stocks such as HSBC, Lloyds Bank and Barclays fell nearly 5 percent as investors cut expectations that There will be a rate hike in December.
Energy and mining stocks fell 6.3 percent and 4.4 percent, respectively, in slump in commodity prices on fresh concerns about a slowdown in the economy following the coronavirus outbreak. new species