London’s blue-chips have fallen more than 1% after concerns over the Chinese stock market sparked a sell-off.

The losses were triggered by sharp falls in Chinese exchanges after the government imposed a tax on stock trades in an effort to cool the booming market.

The fears took the shine off positive Wall Street trading overnight and the London market extended losses from earlier in the session with the FTSE 100 Index down 66.9 points at 6539.6 by mid-morning.

Among a handful of companies in positive territory on Wednesday investors took refuge in property firms to see out the storm. Read more

Original post by The Press Association