UK’s FTSE 100 drops on steep slump in commodity-linked stocks

Date:


reuters_tickers

By Khushi Singh

(Reuters) -The UK’s benchmark FTSE 100 tumbled on Tuesday to the lowest levels in over a week, hurt by a steep sell-off in commodity-linked stocks over lower metal and crude prices.

The blue-chip FTSE 100 index ended 0.8% lower, its biggest one-day decline in two weeks. The domestically focused mid-cap FTSE 250 also lost 0.8%, touching its lowest levels in three weeks.

The precious metal miners touched near one-month low with a 3.7% fall, as gold prices eased on a firm dollar. [GOL/]

Heavyweight industrial metal miners hit near six-month lows with a 3.4% fall. The index was pressured by the lowest copper prices in nearly two weeks, driven down by concerns that a weak Chinese economy is curbing…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...