U.K. Stocks Have Lost All Their 21st Century Gains
- London’s FTSE 100 index is back below where it ended 1999
- Market has retreated from weaker-pound-fueled record in May
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U.K. stock investors can wave goodbye to index gains of the last 18 years.
The FTSE 100 on Wednesday closed below the level seen at the end of 1999, and extended its declines on Thursday. The benchmark gauge today fell 3.2 percent, the worst drop since June 2016, matching the magnitude of the decline following the Brexit referendum on a closing basis.