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FTSE 100 plunges as trade worries fuel selloff

Published 08/05/2019, 03:27 PM
Updated 08/05/2019, 03:30 PM
FTSE 100 plunges as trade worries fuel selloff
UK100
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MKS
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FTMC
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OCDO
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100, FTSE 250 down 1%
* Investors sell-off equities for 2nd straight session
* M&S, Ocado down after online food JV

Aug 5 (Reuters) - London's main index shed 1% in early deals
and joined a global market selloff on Monday, as U.S.-China
trade tensions sent investors rushing to safe haven assets,
while Ocado and M&S slipped after setting up an online food
joint venture.
The FTSE 100 .FTSE , which had slumped more than 2% on
Friday, sank to a more than seven-week low with all constituent
sectors in the red by 0708 GMT. The mid-cap FTSE 250 .FTMC
fell 0.9%.
Retailer Marks & Spencer MKS.L and online supermarket
Ocado OCDO.L gave up about 2.5% each after sealing a deal to
set up an online food venture that will result in the
termination of Ocado's current deal with Waitrose JLPLC.UL .

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