The FTSE 100 has recorded its biggest weekly loss of the year, with shares continuing to fall sharply on Friday.

Source: freeimages.com

The index has fallen 5.2% since Monday and on Friday alone it closed down 2.8%. Shares also fell across other global stock markets.

Property shares dropped but fell less sharply than the index which has a heavy weighting to mining and oil stocks that have been hardest hit by the slowing of China’s economy.

The FTSE REIT Index fell 3.19% over the week and the FTSE Real Estate Investment & Services Index dropped 2.27%.

After reporting a 14.8% increase in annual NAV in interim results on Friday, Tritax Big Box shares fell 1.17% on Friday. By comparison, the FTSE REIT Index closed down 1.78%.