U.K. Stocks Fall as Miners, Energy Companies Hurt by China, Oilby
U.K. stocks declined in line with international markets as concerns over China’s economy reemerged.
A gauge of U.K. miners fell for a third day as commodity prices slipped, with Glencore Plc and BHP Billiton Ltd. weighing heaviest. BP Plc retreated 1.6 percent, leading a measure of energy stocks lower as the price of oil dropped.
The FTSE 100 Index fell 0.6 percent to 6,274.05 at the close of trading in London, snapping a four-session run of gains. The equity benchmark is heading for a 1.3 percent monthly decline, extending its annual loss to 4.5 percent.
In Hong Kong, Chinese shares extended the biggest sell-off in Asia this year amid investor concern that a deepening slowdown in the world’s second-biggest economy will sap corporate earnings.