Nov 12 (Reuters) – London’s benchmark index hit its lowest point in over three months on Tuesday, fuelled by concerns over Donald Trump potentially appointing a China hawk as the leading U.S. diplomat, along with some disappointing corporate updates.
The blue-chip FTSE 100 (.FTSE), fell 1% by 1311 GMT, trading at its lowest level since Aug. 7.
Industrial metal miners (.FTNMX551020), fell 2.4% as copper prices hit a two-month low, on worries about the impact of incoming U.S. President Trump on the economy of top metals consumer China.
China-related assets faced challenges worldwide as Trump is anticipated to appoint U.S. Senator Marco Rubio, considered the most hawkish contender on Trump’s shortlist, as his Secretary of State.
Personal Goods (.FTNMX402040), led sectoral declines, falling 5.9%, as Burberry (BRBY.L), extended declines by 6% from the previous session, after Reuters reported Moncler (MONC.MI), is not in talks to take over…
