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* FTSE 100 down 1.8%, FTSE 250 off 1.2%
May 22 (Reuters) - UK stock markets fell more than 1% on
Friday as a coronavirus-induced lockdown hammered retail sales
in April, while Asia-focussed banks tumbled after China said it
would impose new national-security laws on Hong Kong.
The blue-chip FTSE 100 .FTSE was down 1.8%, with HSBC Plc
HSBA.L and Standard Chartered Plc STAN.L sliding 4.9% and
3.6%, respectively, as China's move raised fears of more
pro-democracy protests that engulfed the Asian city last year.
The domestically focussed mid-cap index .FTMC lost 1.2%,
but was still on track to end the week higher after being
earlier boosted by hopes of a pickup in business activity as the
UK started easing its lockdown.
Luxury retailer Burberry Group Plc BRBY.L rose 1.6% after
becoming the latest British firm to withdraw its dividend to
boost cash reserves as it reported a 27% drop in comparable
sales in the final quarter of its year, which ended with about
60% of its stores closed.
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London stocks slide as retail sales crash, banks slump
Published 05/22/2020, 03:16 PM
Updated 05/22/2020, 03:20 PM
London stocks slide as retail sales crash, banks slump
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