India, April 7 -- U.K. stocks are reeling under a severe bout of selling pressure on Monday, mirroring the sell-off in global markets amid rising fears of a recession due to U.S. President Donald Trump's tariffs on almost all goods imported into America, and China's retaliatory move in reaction to the U.S.'s move.
Selling is widespread and not a single sector has been spared. The benchmark FTSE 100, which dropped to 7,538.25 earlier in the session, losing nearly 520 points in the process, is down 338.23 points or 4.2% at 7,716.75 a little past noon.
Entain, up 0.6%, is the lone stock among the FTSE 100 constituents to have moved above the flat line.
Melrose Industries, Intermediate Capital Group, Scottish Mortgage, Shell, Croda Internati...