FTSE erases last week's gain on rising Hong Kong tensions
- Country:
- United Kingdom
UK's main stock index fell sharply on Monday as a violent escalation in protests in Hong Kong knocked Asia-facing financial stocks, while investors waited for British economic growth numbers. The FTSE 100 slid 0.7% by 0806 GMT, handing back nearly all the gains accumulated last week, while the FTSE 250 index of more domestic-focussed firms lost 0.5%.
Bluechips HSBC, Prudential and China-exposed miners all slipped roughly 2% after news that Hong Kong police shot and wounded one protester as the pro-democracy unrest continued into its 24th straight week. Baker Greggs, however, leaped 9% to top FTSE 250 gainers after hiking profit targets.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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