London stock market drops to four-year low

By Xinhua,

London : As markets across Europe plunged, the FTSE index in the London stock market notched up its third biggest percentage fall, dropping to a four-year low Monday.

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At the close, the FTSE 100 index fell by 391.06 points, or 7.85 percent, to close at 4,589.19.

Mining and bank shares were the biggest losers.

The Royal Bank of Scotland was the worst hit, falling 20.4 percent.