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| Version 0 | Version 1 |
|---|---|
| FTSE drops as Chinese fears resurge | FTSE drops as Chinese fears resurge |
| (35 minutes later) | |
| (Open): London's leading shares fell sharply in early Wednesday trading, undermining Tuesday's recovery from a 10-day losing streak. | (Open): London's leading shares fell sharply in early Wednesday trading, undermining Tuesday's recovery from a 10-day losing streak. |
| At the open, the FTSE 100 dropped 86.46 points or 1.42% to 5,994.88. | At the open, the FTSE 100 dropped 86.46 points or 1.42% to 5,994.88. |
| The renewed plunge added to fears of a Chinese-led global slowdown, dashing hopes that Tuesday's 3% rise had marked the end of the crisis. | The renewed plunge added to fears of a Chinese-led global slowdown, dashing hopes that Tuesday's 3% rise had marked the end of the crisis. |
| Meanwhile, the pound was up 0.04% against the dollar at $1.5692 and up 0.18% against the euro at €1.3642. | Meanwhile, the pound was up 0.04% against the dollar at $1.5692 and up 0.18% against the euro at €1.3642. |
| Mining stocks were among the hardest hit on the FTSE 100 as investors reacted to worries that China's appetite for commodities might be diminishing. | Mining stocks were among the hardest hit on the FTSE 100 as investors reacted to worries that China's appetite for commodities might be diminishing. |
| Anglo American led the list of losers with a 3.1% fall. Close behind was Glencore, which shed 2.8%. | Anglo American led the list of losers with a 3.1% fall. Close behind was Glencore, which shed 2.8%. |
| There were just two winners on the index. Royal Bank of Scotland added 1% and RSA Insurance edged up 0.1%. |