{"id":141210,"title":"FTSE 100 Drops 1.1% as October Begins With Sharp Sell-Off","publisher":"Share Talk","author":"sharetalk","published":"2026-10-01T07:58:33+00:00","modified":"2026-10-01T07:58:33+00:00","canonical_url":"https://www.share-talk.com/ftse-100-drops-1-1-as-october-begins-with-sharp-sell-off/","markdown_url":"https://www.share-talk.com/ftse-100-drops-1-1-as-october-begins-with-sharp-sell-off.md","json_url":"https://www.share-talk.com/ftse-100-drops-1-1-as-october-begins-with-sharp-sell-off.json","category":"Blogs","categories":["Blogs","Technology","Technology, Media & Telecoms"],"tags":["Asia","Bangkok","Denmark","Endeavour Mining","Fed","Federal Reserve","Finland","FRANCE","FTSE 100","GERMANY","Glencore","Greenland plan","Hong kong","Japan","London","Manila","mining stocks","Mumbai","Nasdaq Composite","NATO alliance","Netherlands","Nikkei 225","Norway","S&P 500","shanghai","Singapore","Sweden","Sydney","Taiwan","UK","United States","Wall Street"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2026/10/78d3c065-d4e1-4905-8d2d-4d658d3207b1.png?fit=1727%2C911&ssl=1","format":"news","language":"en-GB","content":"**The FTSE 100 **started October sharply lower, falling more than 1% in early trading and extending Wednesday’s decline.\n\n**The FTSE 100 fell around 120 points, or 1.1%, to 10,486 on Thursday morning**, extending its weak start to October as higher global bond yields pressured equity markets.\n\nThe more domestically focused **FTSE 250 also fell 0.9%**, showing that the selling was broad rather than confined to heavyweight international stocks.\n\nAmong the limited group of blue-chip risers, **Rolls-Royce gained 1.9%**, while Polar Capital Technology Trust advanced 1.1%.\n\nPrecious-metals miners **Fresnillo and Endeavour Mining also moved higher**, supported by gold trading above **US$4,200 an ounce**.\n\nAmong mid-cap stocks, **XPS Pensions rose 4.8%, AO World gained 4.7%, Ferrexpo advanced 2.8% and Raspberry Pi added 2.7%**.\n\nAt the other end of the FTSE 100, **British American Tobacco fell 3.2% and Weir dropped 2.7%**, making them two of the largest early decliners.\n\nThe dominant pressure remains the rise in global government bond yields, which increases the discount rate applied to future corporate earnings and raises financing costs across the economy.\n\nAttention now turns to the **final UK manufacturing PMI reading for September**, which could provide the next indication of whether domestic economic momentum is holding up despite tighter financial conditions.\n\nFor investors, the immediate question is whether bond yields stabilise. Until they do, isolated gains in miners, defence and technology are unlikely to offset the broader valuation pressure on the London market."}