Ouch — it's been a bad day for the FTSE 100

It's been a bad day for the FTSE 100.

London's top stock market just closed down 1.5%, or 101.73 points lower at 6667.34, and it's been in the red all day. The Footsie is now at a new 1-month low.

The index is being weighed down by ARM Holdings and miners. Despite strong results from microchip maker ARM, the company tanked 6.6% after disappointing iPhones sales numbers from Apple overnight. Apple is an ARM customer.

Mining companies have also ended the day with big losses. The biggest...

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