Global markets struggle after tech sell-off and fears over Chinese economy

Global markets experienced a volatile trading day following a significant tech sell-off that led to Wall Street's worst performance in a month. The FTSE 100 index in London dropped by 1.1%, closing down approximately 100 points at 9,698. Major banking stocks, including Barclays, Lloyds, and NatWest, saw declines ranging from 2.7% to 3.6%. Additionally, weak economic data from China revealed an unprecedented slump in investment, contributing to fears regarding the Chinese economy.