Global stock markets slide after Trump’s Covid diagnosis

FTSE 100 in London drops by 0.6% and Europe-wide Stoxx 600 index loses 0.3%

US and European stock markets slid on Friday after Donald Trump announced that he had tested positive for coronavirus a month before the US presidential election.

The S&P 500 index, the US equity market benchmark, fell by 1.6% in the opening trades on the New York Stock Exchange, while the tech-heavy Nasdaq index lost 2% and the Dow Jones industrial average lost 1.4%. However, they then pared their losses and were all down by about 1%.

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