UK’s FTSE 250 index hits one-year low; crypto firms Gemini, Genesis and DCG sued – business live

Currency traders at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea. Photograph: Ahn Young-joon/AP

4.45pm BST

Closing post

Time to wrap up.. here are today’s main stories:

4.43pm BST

After a nervous day, the FTSE 100 has closed 88 points lower tonight at 7499 points, down 1.17%.

The FTSE 250 index of medium-sized firms ended at a one-year low, as flagged earlier, down 1.1% at 17,213 points.

Other European markets also had a weak day, with the pan-European Stoxx 600 index down over 1%.