Stamp duty holiday increased the availability of first-rung homes as others moved up the ladder
Evraz and Fresnillo and other big miners were among London’s worst losers.
Stock markets dropped on Friday, following on from a late slump in the U.S. as fears about the pace of monetary policy tightening and weaker-than-expected earnings from companies that soared in the pandemic hit investor confidence. Oil prices pulled back too as another bout of risk aversion spread rapidly across markets and sent traders looking for safety in government bonds. Other stocks that boomed during the pandemic such as Peloton are also dropping fast as investors worry about slowing growth.