Britain’s mining shares tumbled to their lowest levels since 2005, leading declines in the nation’s broader stock market.
Concern over the situation in China took Anglo American Plc down 8.2 percent and Rio Tinto Group 3.2 percent. The benchmark FTSE 100 Index fell 0.3 percent at the close of trading in London, with the broader FTSE All-Share Index and Ireland’s ISEQ Index also retreating.
Banks added to the losses before the Bank of England gives the results of its stress tests next week. Standard Chartered Plc, which is facing the highest hurdles, dropped 1.3 percent.
The volume of FTSE 100 shares changing hands was about a third of the 30-day average. The gauge has gained 0.6 percent this week.