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UK shares dip as Trump fails to soothe trade nerves

Published 11/13/2019, 04:34 PM
Updated 11/13/2019, 04:40 PM
UK shares dip as Trump fails to soothe trade nerves
UK100
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HSBA
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TLW
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 down 0.5%, FTSE 250 down 0.6%
* Tullow Oil slips after reducing output forecast
* Financials weigh the most on main index

Nov 13 (Reuters) - UK bluechip stocks retreated on Wednesday
as traders grew weary of mixed signals from U.S. President
Donald Trump about the progress of trade talks with China, while
Tullow Oil slid after slashing production targets.
The FTSE 100 index .FTSE , which relies on global trade
relations due to its international exposure, fell 0.5% by 0820
GMT, while the FTSE 250 index of midcap companies .FTMC was
0.6% lower.
Asia-exposed financials, led by HSBC HSBA.L , weighed on
the main board as the protests in Hong Kong showed no signs of
easing.
Tullow Oil TLW.L dropped 16% — its biggest one-day fall in
15 years — to the bottom of the midcap bourse after it cut its
production outlook amid troubles at its Ghana fields.

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