The FTSE 100 has entered what’s known as correction territory on Monday, after another fall of 2 per cent for the day made it more than a 10 per cent drop from recent highs.
A market index or share falling past that point is known as correcting - which can often happen after being overbought or, in the case of this situation, when external events change suddenly. The ongoing situation with the Middle East war is now into its fourth week and investors have left global markets in their droves over fears for how much longer matters could continue to unravel.
