LONDON, April 7 (Xinhua) -- The FTSE 100 plunged 4.38 percent on Monday, shedding 352.90 points to close at 7,702.08 points, extending last week's losses as escalating concerns over U.S. tariff policy weighed heavily on investor sentiment and triggered broad-based selloff across the market.

The FTSE 100 opened in negative territory, tumbling as much as 6 percent to an intraday low of 7,556.03 - its lowest level since February 2024.

The 6 percent drop marked the index's worst single-day percentage decline since March 2020, when the COVID-19 pandemic was in its early stages.

Only five FTSE 100 companies rose on Monday, with Melrose Industries, RELX, and The Sage Group showing the biggest declines of more than 7.7 percent.

"Markets are in a mess and are likely to stay that way for now," Neil Birrell, chief investment officer at Premier Miton Investors, told The Guardian. Enditem

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