The global stock market slump has powered into its second week, pushing the UK's main share index below 6,000 for the first time since October.
By midday the FTSE 100 had recovered slightly but was trading down 97.8 points, or 1.5%, at 6,018.4.
In the past five sessions, about £111bn has been wiped off the index's value.
The drop mirrored heavy losses in Europe and Asia, with investors dumping stocks because of concerns they are overvalued and growth will slow.
"It looks like it's becoming a domino, with one market pulling down the other and I don't know where the domino effect will stop," said Jose Vistan of AB Capital Securities.
"You throw away technical and fundamentals out of the window," he explained. "Emotions are the ones driving share prices right now." World stock drop hits second week
FTSE falls as global sell-off gathers pace
Mark Alexander
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