FTSE hits seven-month low as world markets suffer

Markets around the world have taken a hit, with poor performances in Asia overnight affecting markets in Europe and the US.Britain's FTSE 100 was down 1.24% to a seven-month low, while all three main US markets were down - the industrial Dow Jones by 1.45%, the broad-based S&P by 1.64% and the tech-rich Nasdaq by just over 2%.Sky's business presenter Ian King blamed the falls on a "whole combination of factors".