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London Markets: FTSE 100 suffers worst day in 2 weeks as U.S.-China trade clash picks up

The U.K.’s blue-chip stocks sharply dropped Wednesday, falling by the most in two weeks, as the U.S. said it plans to hit Chinese imports with another $200 billion in tariffs, intensifying a trade fight between the world’s largest economies.

How markets are moving

The FTSE 100 index UKX, -1.30% fell 1.3% to close at 7,591.96, suffering its steepest decline since June 25. The index on Tuesday finished up by less than 0.1% after a choppy session.

The pound GBPUSD, -0.5198% was at $1.3238, down from $1.3274 late Tuesday in New York. Against the euro, the pound GBPEUR, +0.0708% fell to €1.1293 from €1.1303.

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