It could have been worse for the AIM All-Share Index this week, given we saw an interest rate hike from the Bank of England and a surprise Fitch rating downgrade for US government debt.
The latter caused a ripple effect across global equities, with the FTSE 100 blue-chip index falling close to 2.5 per cent this week.
As an internationally weighted index, the Footsie is substantially more exposed to risk-off macroeconomic developments than the junior market.
Thus AIM came off