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FTSE 100 - live updates: Share prices tumble after worst day for US stocks in more than six years FTSE 100 tumbles after worst day for US stocks in more than six years
(about 1 hour later)
The FTSE 100 fell sharply on Tuesday, following dramatic sell-offs across the US and Asia, sparked by inflation fears after strong US jobs data triggered a surge in bond yields.The FTSE 100 fell sharply on Tuesday, following dramatic sell-offs across the US and Asia, sparked by inflation fears after strong US jobs data triggered a surge in bond yields.
The UK’s benchmark stock index tumbled 3.5 per cent shortly after the market open before recovering slightly, mirroring similar losses across France, Germany and other European markets. The UK’s benchmark stock index tumbled 3.5 per cent shortly after the market open before recovering somewhat throughout the day, mirroring similar moves across France, Germany and other European markets.
Earlier on Tuesday, Japan’s Nikkei 225 tumbled 4.7 per cent, marking its worst fall since November 2016 and taking it to a four-month low. Early on Tuesday, Japan’s Nikkei 225 tumbled 4.7 per cent, marking its worst fall since November 2016 and taking it to a four-month low.
On Monday, the US benchmark S&P 500 fell by more than 4 per cent and the Dow Jones Industrial Average lost 4.6 per cent. Those represented the largest percentage drops since August 2011. US indices regained their footing somewhat on Tuesday. On Monday, the US benchmark S&P 500 fell by more than 4 per cent and the Dow Jones Industrial Average lost 4.6 per cent. Those represented the largest percentage drops since August 2011, but those indices largely regained their footing somewhat on Tuesday.
Traders generally agree that the primary trigger for the global stock rout was a sharp rise in US bond yields after data out of the US on Friday showed wages increasing at the fastest pace since 2009.Traders generally agree that the primary trigger for the global stock rout was a sharp rise in US bond yields after data out of the US on Friday showed wages increasing at the fastest pace since 2009.
That in turn raised the prospect of higher inflation and, as a result, the possibility of higher interest rates. That in turn raised the prospect of higher inflation and, as a result, the possibility of higher interest rates. 
Markets have been propped up by massive central bank stimulus for years sending stocks to record highs on a regular basis. Here's a look at how the trading day unfolded:
Some experts also said that investors could now be jittery as a result of a change of leadership at the US Federal Reserve and the uncertainty this might introduce. Jerome Powell succeeded Janet Yellen earlier this month.