UK shares have fallen sharply in morning trading, dragging the FTSE 100 index to its lowest level since December 2016.

Both London and major European markets were down more than 2% as a sell-off that started in Asia gathered pace.

Oil prices also sank, with Brent crude almost 5% lower at $58.60 a barrel.

Analysts said the arrest of Chinese telecoms giant Huawei’s chief financial officer in Canada had revived worries over US-China trade tensions.

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