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Mining shares drag down FTSE 100 | |
(about 4 hours later) | |
(Noon): London's leading shares began the day higher on Tuesday, but veered lower by lunchtime, dragged down by mining stocks. | |
By the end of the morning, the benchmark FTSE 100 index was down 15.98 points or 0.28% to 5,673.38. | |
The fall saw the index extending its decline after tumbling 2.7% on Monday. | |
The previous day's decline came as analysts said investors were turning against financial shares because of shaky global growth. | The previous day's decline came as analysts said investors were turning against financial shares because of shaky global growth. |
Antofagasta was the FTSE 100's worst performer on Tuesday, tumbling 9.4%, while Anglo American was down 9.3%. | |
On the commodities markets, Brent crude was up 1% to $33.22, while US light crude added 1.6% to $30.16. | |
On the currency markets, the pound was down 0.03% against the dollar at $1.4428 and 0.29% lower against the euro at €1.2854. | |