Here’s the FTSE 100 on Monday – off 5.5 per cent, or 210 points at 3673 around 8.20 GMT.

Here’s a longer-term perspective. The index is now less than 400 points above the low 3287 struck in March 2003, when a spiral of forced selling by insurance companies triggered regulatory intervention.

Related links:
Asian stocks drop on recession fears – FT
