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FX.co ★ FTSE 100 Slides As Miners Decline On Weak China Data

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typeContent_19130:::2024-12-10T09:15:00

FTSE 100 Slides As Miners Decline On Weak China Data

U.K. equities saw a decline on Tuesday, primarily influenced by the mining sector, following reports of slower growth in China's November exports and an unexpected contraction in imports. This development signals potential challenges for the world's second-largest economy.

The FTSE 100 index declined by 35 points, marking a 0.4 percent decrease to 8,317, after experiencing a 0.5 percent rise the previous day.

Leading the downturn, shares of mining companies such as Anglo American, Antofagasta, and Glencore fell between 2 to 3 percent.

Ashtead Group's shares saw a significant drop of nearly 11 percent after announcing plans to transfer its stock listing from London to New York.

Conversely, FirstGroup's shares increased by 4 percent following its agreement to purchase RATP London from RATP Développement for an enterprise value of £90 million ($114.8 million).

Centrica, the parent company of British Gas, saw a 2.3 percent dip in its stock price after announcing an additional £300 million increase to its existing share buyback scheme.

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