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The shares rose as much as 20 percent to 114.45 pence by 8:07 a.m. local time.

United States stocks opened sharply lower following the jobs report, which one leading analyst labeled “decidedly bad”.

The Nasdaq composite was little changed at 4,544. Wall Street looked set for gains, with futures for the Dow Jones industrial average and the Standard & Poor’s 500 up 0.3 percent.

The health care sector bounced back from a plunge a day earlier.

THE Australian share market has lost around $41 billion in early trade, as BHP Billiton shares tumble below $22 for the first time since the global financial crisis.

Hitting risk sentiment, Glencore shares fell to a record low at the start of the week on concerns over the company’s ability to withstand a prolonged decline in prices of metals.

Biotech stocks had their worst week since 2008 last week, as stocks like Gilead Sciences (GILD), Amgen (AMGN), Biogen (BIIB) and Regeneron (REGN) got hammered following Hillary Clinton’s drug-pricing tweet.

Investors sold even some of the year’s most resilient stocks.

Futures on the Nasdaq exchange were down 0.5 percent.

“Most FOMC participants, including myself, now anticipate that achieving these conditions will likely entail an initial increase in the federal funds rate later this year, followed by a gradual pace of tightening thereafter“, Yellen said. The late sell-off on Friday...

S&P 500 e-minis were down 15.5 points, or 0.8 percent, with 230,212 contracts traded. The Dow Jones industrial average gained 113.35 points, or 0.7 percent, to 16,314.67. Signs of weak growth overseas won’t prove large enough to have a significant impact on policy, the...

More worries about slower growth in China pushed commodities to two-week lows, with copper prices and industrial metals leading losses.

GLOBAL GROWTH WORRIES: Investors took the U.S. Federal Reserve’s decision to postpone an interest rate hike as a sign the global economy is weak.

Meanwhile, investors continued to assess the US Federal Reserve’s decision to leave short-term interest rates unchanged.

In comparison, the benchmark Shanghai Composite index finished down by a smaller 2.67%.