Newsflash: Britain’s stock market has plunged by another 3.3% at the start of trading, to a fresh 14-month low.
The FTSE 100 index has shed another 220 points, taking it down to 6582 points - its lowest level since December 27 2018.
A week ago, the Footsie closed at 7404 points, before the coronavirus crisis triggered this week’s selloff.
Nearly every stock is down, some very sharply.
British Airways owner IAG is the top faller, shedding 7% after it warned that Covid-19 was hurting its operations. Easyjet are down 5% after its announcement.
Holiday firm TUI is also deep in the red, down another 5.7%.
Mining companies are also being hit hard, with BHP Group and Antofagasta down over 5%. Demand for their iron ore and copper will slump if we enter a global recession.