FTSE Enters 'Bear Market' As £52bn Is Lost

The FTSE 100 has fallen sharply after the world oil price slump and fears over China prompted a renewed share sell-off. The FTSE 100 has had a grim start to 2016, its worst ever, having lost more than 9% in just the first few weeks of the year. The latest fall took the FTSE 100 more than 20% off that intraday peak last year, meaning that for a time it was in what is known as a "bear market".