H bomb

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FTSE dives amid China worries and North Korea H-Bomb test fears


The dismal start to trading in the new year showed no sign of abating as global markets tumbled after oil prices slumped to fresh 11-year lows. London’s FTSE 100 Index dived 1.6% into the red, down 95 points at 6042.2, with indices across Europe also sharply lower as Brent crude dropped below 35 US dollars a barrel at one stage. Sentiment had already been impacted by amid renewed worries over China after a poor report on the country’s services sector, while investors were also unnerved after North Korea claimed to have successfully carried out a hydrogen bomb test - its fourth since 2006.