The fizz has disappeared from the stock markets, everyone knows that. In the past few weeks, rising energy prices, the slowdown in China, persistent kinks in supply chains, and the increasing likelihood of interest rate hikes have rocked equity markets around the world.
Less obvious is how UK-focused stocks in particular seem to have been hit significantly harder than other stocks by the September sell-off. The FTSE 250, the best barometer of stocks for companies whose businesses and customers are primarily based in the UK, has fallen 1,715 points, or 7.1 percent, from its closing high of 24,251 on September 1.
That is ten times more than the 0.7 percent decrease in the FTSE 100.