U.K. Stocks Fall After Fed Decision; BHP, HSBC See Sharp Dips

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Yellen Leaves Rates Well Alone... For Now
  • Trading error speculated after swings in some FTSE 100 members
  • FTSE 100 falling for second day, post weekly decline

U.K. stocks fell after the Federal Reserve proved reluctant to raise rates amid concern about global economic and market risks.

Several FTSE 100 Index members swung sharply lower, sending the gauge down 2.2 percent at 12:44 p.m., before returning near their previous levels within minutes. HSBC Holdings Plc, Vodafone Group Plc, BHP Billiton Ltd. and Diageo Plc were among shares affected. The moves signaled a trading error to some traders.

The FTSE 100 dropped 1.3 percent at the close in London, capping a weekly decline. Investors gauged the implications of the Fed’s decision for global growth. Uncertainty over the central bank’s move contributed to recent stock volatility.

The broader FTSE All-Share Index declined 1.3 percent today and Ireland’s ISEQ Index retreated 1 percent.

Banks dragged the FTSE 100 lower, as did energy producers. HSBC and Barclays Plc dropping 2.4 percent or more, while BP Plc and Royal Dutch Shell Plc fell at least 3.5 percent.

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