By Julien Ponthus
LONDON (Reuters) - UK shares fell to their lowest since April as a global rout on equity markets caused by fears of fast-rising rates and risk aversion amid a burst of volatility took its toll in Europe after hitting Asia and Wall Street.
The FTSE 100 <.FTSE> fell 1.4 percent by 0839 GMT, a fall broadly in line with European benchmarks, all retreating after the S&P 500 <.SPX> and the Nasdaq <.NDX> plunged in New York overnight.
"The bloodbath for global equities comes as investors adjust to a world of higher US interest rates", said Jasper Lawler from London Capital Group, explaining that investors were switching bets on so-called growth stocks, like America's Facebook
"To say risk appetite has taken a hit would be an understatement", he added.
Recruiting firm Hays
British fund supermarket Hargreaves Lansdown
Books, newspaper and stationery retailer WH Smith
Oil majors also contributed to drag the index down as oil fell to two-week lows with prices also hit by the storm on Wall Street and an industry report showing U.S. crude inventories rose more than expected. BP
Losses were exacerbated by the fact that a number of stocks, such as Barratt Develoment
(Julien Ponthus, Editing by William Maclean)