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Shares fall on China cooling-o

[ At 2010-2-26 By bolingseo   0 comments ]

The London market tumbled one per cent as miners continued to be weighed down by fears over potential curbs to Chinese growth.

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Investors were also wary of the latest US interest rate decision and the first State of the Union address by President Barack Obama.

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The FTSE 100 slumped to its lowest level so far this year at one point, before closing 59.4 points down at 5217.5.

Investor sentiment has been given a knock with concerns over the impact of
embroidered patches potential lending curbs in China.

America's Dow Jones Industrial Average was also on the back foot in early trading - down 0.3 per cent.

The pound was up against the dollar at 1.62 and also rose to 1.15 against the euro.


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