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| Version 1 | Version 2 |
|---|---|
| FTSE rebounds with gains of 3% | FTSE rebounds with gains of 3% |
| (about 17 hours later) | |
| (Close): London's leading shares surged on Tuesday, bringing an end to the index's 10-day losing streak. | |
| The FTSE 100 bounced back from 10 days of losses, overcoming fears of a Chinese-led global slowdown that had caused it to fall 4.67% on Monday. | The FTSE 100 bounced back from 10 days of losses, overcoming fears of a Chinese-led global slowdown that had caused it to fall 4.67% on Monday. |
| By Tuesday's close, the index was up 182.47 points or 3% to 6,081.34. | By Tuesday's close, the index was up 182.47 points or 3% to 6,081.34. |
| The rise was boosted by news that China had cut its main interest rate by 0.25 percentage points to 4.6%. | The rise was boosted by news that China had cut its main interest rate by 0.25 percentage points to 4.6%. |
| The list of top gainers was dominated by mining stocks. The sector, which had been hard hit on Monday by fears that China's appetite for commodities was slowing, staged a strong recovery. | The list of top gainers was dominated by mining stocks. The sector, which had been hard hit on Monday by fears that China's appetite for commodities was slowing, staged a strong recovery. |
| Antofagasta was the best performer in the sector, adding 8.7%. | Antofagasta was the best performer in the sector, adding 8.7%. |
| BHP Billiton gained 5.5%, despite publishing results that showed a 52% slump in annual profits. | BHP Billiton gained 5.5%, despite publishing results that showed a 52% slump in annual profits. |
| However, fellow miner Randgold Resources was the biggest faller on the index, with a decline of 3.5%. | However, fellow miner Randgold Resources was the biggest faller on the index, with a decline of 3.5%. |
| On the currency markets, the pound was down 0.47% against the dollar at $1.57030 and gained 1.28% against the euro to €1.37630. | On the currency markets, the pound was down 0.47% against the dollar at $1.57030 and gained 1.28% against the euro to €1.37630. |