Markets plunge on recession fears

Confirmation of a sharp contraction in the UK economy and fears of a similarly grim outlook elsewhere sparked a global sell-off in equities and commodities on Friday.

The sell-off saw share prices dive in all economic regions.

In Asia, the Nikkei 225 index of leading shares listed in Tokyo plunged on the back of a volatile session for the yen, which saw the currency climb to a 13-year high against the dollar.

Moscow suspended trading on Russia Trading System, its main stock exchange, at 17:05