UK shares dip as Trump fails to soothe trade nerves

The FTSE 100 index fell 0.5 per cent by 0820 GMT, while the FTSE 250 index of midcap companies was 0.6 per cent lower. — Reuters pic
The FTSE 100 index fell 0.5 per cent by 0820 GMT, while the FTSE 250 index of midcap companies was 0.6 per cent lower. — Reuters pic

LONDON, Nov 13 — UK bluechip stocks retreated today as traders grew weary of mixed signals from US President Donald Trump about the progress of trade talks with China, while Tullow Oil slid after slashing production targets.

The FTSE 100 index, which relies on global trade relations due to its international exposure, fell 0.5 per cent by 0820 GMT, while the FTSE 250 index of midcap companies was 0.6 per cent lower.

Asia-exposed financials, led by HSBC, weighed on the main board as the protests in Hong Kong showed no signs of easing.

Tullow Oil dropped 16 per cent — its biggest one-day fall in 15 years — to the bottom of the midcap bourse after it cut its production outlook amid troubles at its Ghana fields. — Reuters

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