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Global market misery as stock prices tumble

MORE than £160 billion has been wiped off the value of Britain's leading shares during the past six days as the crisis affecting the world's economy showed no signs of abating.

Amid another day of tumbling stock prices yesterday it emerged that the FTSE 100 is now experiencing its worst downturn for three years – with shares recording significant drops for three days running, the first time this has occurred since the height of the financial crisis in 2008.