The FTSE 100 just touched a three-year low, down almost 20 per cent from the highest it touched in 2015.

The index of blue-chip stocks is down 2.9 per cent in late morning trading on Tuesday, as sliding oil and metal prices drive down the shares of miners and oil explorers. The index index has fallen 8.6 per cent so far in 2016, one of its worst starts to a year on record.

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