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FTSE 100 dips again as China virus hits risk appetite

Published 01/23/2020, 04:18 PM
Updated 01/23/2020, 04:24 PM
FTSE 100 dips again as China virus hits risk appetite
UK100
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BP
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SHEL
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ASOS
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FTMC
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FTNMX551030
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.2%, FTSE 250 down 0.1%
* China puts city of Wuhan on lockdown
* Miners, oil stocks weigh on main index
* ASOS shines on Christmas trading cheer

Jan 23 (Reuters) - London's main index dipped for a fourth
straight session on Thursday, with major miners and oil stocks
taking a hit, as worries over the spread a new flu-like virus
from China grew.
China put Wuhan, the city at the centre of the outbreak, on
lockdown as health authorities around the world scramble to
prevent a global pandemic. The new coronavirus has so far killed
17 and infected nearly 600 people. The FTSE 100 .FTSE , which has shed more than 1% this week,
gave up another 0.2%. An index of miners .FTNMX1770 hit its
lowest in more than a week, while Shell RDSa.L and BP BP.L
were among the biggest drags.
The FTSE 250 .FTMC edged 0.1% lower by 0807 GMT.
However, AIM-listed online fashion retailer ASOS ASOS.L
provided some cheer as it advanced almost 9% after beating
analysts' expectations for sales growth in the Christmas trading
period.

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